Solana Foundation launches open-source DvP program

The Solana Foundation announced Solana DvP on October 6, an open-source escrow program designed to let institutions settle tokenized trades on the Solana blockchain by exchanging an asset and its payment in a single transaction. If either leg cannot be completed, neither is meant to proceed, a method known as atomic delivery-versus-payment settlement. The program is intended to replace bespoke settlement contracts with a reusable framework released under the MIT open-source license. The Foundation says the exchange can reach finality in seconds, compared with the one-to-two-business-day timelines often associated with conventional settlement processes involving intermediaries. Those speed and readiness claims describe the program’s design; the supplied reporting does not establish recurring live trades through it. In the documented workflow, counterparties agree on the trade terms and each funds a separate escrow with tokens. A named settlement authority signs the transaction that transfers both sides together. If settlement cannot take place, the exchange does not complete.