The Solana Foundation announced the launch of the DvP (Delivery versus Payment) program, an open source atomic settlement system enabling financial institutions to transfer tokenized assets and process the corresponding payment in a single transaction. This solution reduces settlement time from several days to a few seconds by eliminating the traditional chain of intermediaries, including clearing houses, custodians, and depositaries. Banking giant JP Morgan contributed its expertise on institutional settlement practices and requirements. The program provides an open API allowing institutions to perform settlements on a delivery versus payment basis directly on the Solana blockchain.
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