Solana Releases Open-Source DvP Toolkit for Atomic Securities Settlement With JPMorgan Input
Solana Foundation has released an open-source delivery-versus-payment (DvP) toolkit that enables atomic on-chain securities settlement, so an asset transfer and its corresponding payment either occur together or not at all. The package was published on October 6 under the MIT license and addresses a persistent post-trade problem: the risk and capital cost created when asset delivery and payment are processed separately.
The toolkit bundles asset transfer and payment into a single blockchain transaction, leaving neither counterparty exposed while waiting for the other. It provides isolated escrow and configurable timeouts to limit exposure and automate failure handling. It supports the SPL Token standard and the newer Token-2022 format, allowing use with existing tokenized assets and next-generation token features. The Foundation positions it as a standardized, reusable settlement building block for banks and institutional projects, reducing the need for bespoke smart contracts for each use case.
JPMorgan provided feedback on real-world settlement practices to inform the toolkit’s institutional suitability. The Foundation stressed that the contribution was consultative only; JPMorgan is not operating, certifying or guaranteeing the software. The release includes a disclaimer on outside involvement.
The DvP code has undergone external security reviews. Broader production deployment, privacy features and full integration with custody and legal frameworks remain future work. The Foundation has signaled plans for additional capabilities that are not yet in production.
For tokenized securities, narrowing the time gap between delivery and payment can reduce capital and counterparty costs. Institutional adoption will depend on legal finality, custody integrations, operational error handling beyond the smart-contract layer and privacy protections. The open-source DvP toolkit is a significant infrastructure step, but industry uptake will require work across legal, operational and custodial domains.
