The Solana Foundation has launched Solana DvP, an open-source settlement program for financial institutions that transfers assets and payment in a single transaction. The solution aims to cut securities settlement times from one to two days to seconds. JPMorgan contributed its expertise on institutional settlement practices and requirements. Similar initiatives were carried out by Chainlink, JPMorgan’s Kinexys and Ondo Finance in June 2025, while Payward (Kraken’s parent company) partnered with Singapore Gulf Bank to enable 24/7 US dollar settlements.
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