Solana And JP Morgan Take Aim at Faster Institutional Settlement
The Solana (
@solana) Foundation has launched an open source settlement tool designed for institutional financial markets.
Solana DvP uses standardized APIs to let institutions exchange assets and payments simultaneously.
J.P. Morgan provided input on institutional settlement practices during the tool’s design.
The foundation says transactions can reach finality in seconds rather than traditional settlement periods.
The launch comes as BlackRock and Kraken expand tokenized financial products on Solana.