[Solana Foundation Launches Institutional Settlement Standard Solana DvP, J.P. Morgan Participates in Design Recommendations] BlockBeats News, October 6, according to official information from the Solana Foundation, it has launched Solana DvP (Delivery-versus-Payment), an open-source custody program aimed at financial institutions, providing a Solana-based Delivery-versus-Payment (DvP) settlement API. Solana DvP is released under the MIT license and is designed to bring the settlement certainty required by financial institutions to public blockchain infrastructure, achieving atomic settlement, segregated custody, and deadline control through standardized solutions. The Solana Foundation stated that institutions previously relied on customized smart contracts for on-chain transaction settlement, but Solana DvP seeks to replace this model with a unified standard. J.P. Morgan has provided insights to the Solana Foundation regarding institutional settlement practices and requirements. The Solana Foundation noted that the project combines J.P. Morgan's expertise in securities settlement with Solana's performance in tokenizing real-world assets. The Solana Foundation explained that DvP is the foundational mechanism for securities settlement, ensuring simultaneous transfer of assets and cash to eliminate principal risk. In traditional markets, settlement often involves multiple intermediaries such as clearinghouses, depositories, and custodians, which can take days and tie up funds. Solana DvP aims to compress this process into a single atomic transaction, where assets and funds are settled simultaneously or the transaction does not occur, achieving finality within seconds. According to the introduction, Solana DvP supports SPL Tokens and Token-2022, as well as extended features required by regulated issuers, such as permanent authorization, pausable tokens, and Transfer Hooks. Any two counterparties can use the program through settlement agents such as banks, custodians, or trading platforms. The Solana Foundation stated that Solana DvP has completed external security audits and is now ready for use with real funds. It plans to further incorporate privacy features to enable confidential and private transaction settlements. The Solana Foundation is currently recruiting design partners and early participants to prepare for the official launch. [Original Link]