| Mobile Web

Search results for DvP

Crypto

Nine Japanese financial institutions complete Phase 2 validation of Project Trinity

Nine Japanese institutions including Mitsui Sumitomo Bank, Daiwa Securities and SBI Securities have completed Phase 2 validation of Project Trinity. The project focuses on removing risks arising from settlement timing gaps through delivery-versus-payment settlement. In the test, Daiwa Securities and SBI Securities simulated the START market of the Osaka Digital Exchange and settled trades using a security token corporate bond and a trust-type stablecoin. They completed two cross-blockchain simultaneous exchanges.

Crypto

Ripple adds Canton Network support to Ripple Custody, targets Wall Street tokenisation market

Ripple has added support for the Canton Network to version 1.43 of its institutional platform Ripple Custody. The update allows banks and funds to hold Canton Coin and CIP-56 tokens within a single secure environment. The move is seen as expanding infrastructure aimed at Wall Street’s real-world asset tokenisation market. The Canton Network focuses on privacy for multi-party transactions, while CIP-56 supports delivery-versus-payment settlement without cross-chain bridges.

Crypto

Solana Foundation unveils institutional Solana DvP to cut securities settlement from 1 to 2 days to seconds

The Solana Foundation has launched an open-source settlement program for financial institutions called Solana DvP. The program supports Solana-based delivery-versus-payment, processing asset transfers and cash settlement in a single transaction with the aim of cutting securities settlement time from 1 to 2 days to a few seconds. It is offered as an open-source API, allowing institutions to reuse the structure without building custom smart contracts.