Solana Moves Deeper Into Wall Street With Atomic Settlement System

The Solana Foundation announced an open-source program, Solana DvP, that lets institutions settle trades in seconds rather than days. Global banking firm JPMorgan contributed to the build, providing institutional settlement practices, with devs stressing compliance. The open-source program will give banks an alternative for settling transactions on the network through a standardized API. According to the foundation, payments now exchange hands with ease, removing previous bottlenecks. Institutions have tested the waters with smart contract trades that generated buzz due to industry leanings toward tokenization. However, Solana DvP was released under the MIT license and created a réusable standard.