The published design of Solana’s new institutional settlement program requires the full cash and asset legs of a trade to be available before it can execute the trade.
Its atomic transaction can prevent a buyer from paying without receiving the asset, but the program supplies neither the cash nor the financing needed to reach that point.
The Solana Foundation announced Solana DvP on Oct. 6 as an open-source standard for delivery-versus-payment settlement. The published design puts each side’s tokens into a separate escrow, then moves both agreed amounts together. It also explicitly excludes netting, the process of offsetting obligations before paying the remaining balance.
