Solana Foundation Unveils Atomic Settlement Platform for Banks
Solana Foundation launches DvP, an onchain delivery-versus-payment system designed to serve major financial institutions.
The Solana Foundation announced Monday the launch of Solana DvP, an open-source, onchain delivery-versus-payment infrastructure built specifically for large financial institutions. The non-profit organization, which focuses on the decentralization, growth, and security of the Solana network, introduced the atomic settlement program as a bridge between traditional finance and blockchain technology.
Delivery-versus-payment, a settlement mechanism long established in traditional securities markets, ensures that the transfer of an asset occurs simultaneously with the corresponding payment, eliminating counterparty risk. By bringing that framework onchain via the Solana blockchain, the foundation is positioning the network as viable infrastructure for institutional-grade financial operations.
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The program is open-source, signaling the foundation's intent to invite broad participation and scrutiny from developers and financial institutions alike. Atomic settlement — in which two legs of a transaction complete simultaneously or not at all — is widely regarded as a key requirement for institutions seeking to reduce settlement risk and operational overhead in digital asset transactions.
The announcement, made in New York, underscores a broader industry push to apply public blockchain infrastructure to regulated financial markets. Solana's high throughput and low transaction costs have previously drawn institutional interest, and the DvP initiative represents a formal effort to standardize settlement tooling for that audience.
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