The Solana Foundation has launched an open-source settlement program for financial institutions called "Solana DvP". Cointelegraph reported on Oct. 6 (local time) that the program supports Solana-based delivery-versus-payment. It processes asset transfers and cash settlement as a single transaction, aiming to cut securities settlement time from 1 to 2 days to a few seconds.

"Solana DvP" is provided as an open-source application programming interface (API). It is designed to transfer assets and payments together in a single transaction so that either the entire transaction is completed or it does not take effect. Financial institutions can reuse this structure without separately developing customized smart contracts.

JP Morgan provided input on institutional settlement practices and requirements during the development of Solana DvP. Rohit D'Souza (로델 드수자), head of digital assets for markets at JP Morgan, said such settlement standards are the foundational infrastructure needed for institutional market participants to operate at scale without settlement risk or counterparty exposure.

Efforts to speed up blockchain-based financial settlement are also continuing. In June 2025, Chainlink, JP Morgan's Kinexys and Ondo Finance completed a cross-chain DvP pilot linking Ondo's tokenised U.S. Treasury fund with settlement through Kinexys.

Payward said on Oct. 5 it would work with Singapore Gulf Bank to support 24-hour, 365-day U.S. dollar settlement for some institutional clients in parts of Asia and the Gulf region.