Solana Foundation open-sources a settlement standard shaped by J.P. Morgan

The Solana Foundation has published a common way to settle tokenized trades, built to a major bank's requirements. Solana DvP, released October 6, is an open-source program for delivery-versus-payment settlement, Startup Fortune reported.

Delivery-versus-payment means both sides of a trade complete in a single transaction or neither does. The buyer cannot pay without receiving the asset, and the seller cannot deliver without being paid.

That addresses one of the oldest problems in finance. Settlement risk is the gap between paying and receiving, and it is why traditional markets rely on clearinghouses and take time to settle. On a blockchain the two legs can be made inseparable, which removes the gap instead of insuring against it.

J.P. Morgan's role is the detail that gives the release weight. The bank did not write the code, but it supplied the settlement requirements. The design follows a December 2025 deal in which J.P. Morgan arranged a $50 million commercial paper issue for Galaxy Digital on Solana, paid in USDC. The standard comes out of a live transaction, not a concept paper.

Making it open source lets other issuers reuse a design a large bank has already tested. Adoption is the measure that counts: whether other banks or asset managers use it for live issuance.