Overview
- The Solana Foundation published Solana DvP on Oct. 6 as MIT‑licensed open‑source escrow code that performs atomic delivery‑versus‑payment so an asset and its payment settle together or the trade fails.
- The program has passed external security audits and supports Solana token standards such as SPL Token and Token‑2022, including issuer controls like pausable tokens and transfer hooks.
- J.P. Morgan supplied advisory input on settlement practices but did not design, endorse, operate, or commit to using the program.
- The current design requires both the cash and asset legs to be fully funded on Solana before execution, disallows netting across trades, and initially lacks on‑chain privacy features.
- The Foundation is recruiting design partners for production testing, and meaningful adoption will depend on named banks, custodians or asset managers settling live trades plus integration with custody, cash rails, governance and planned privacy work.