Solana Foundation unveils a program to settle institutional trades in seconds. JPMorgan gave input

Solana Foundation unveils a program to settle institutional trades in seconds. JPMorgan gave input

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Solana Foundation, a non-profit dedicated to the decentralization, growth, and security of smart contract blockchain Solana, is taking a big swing at one of traditional finance’s old headaches – settlement risk.

6, the Foundation unveiled Solana DvP, an open-source delivery-versus-payment program that lets institutions settle trades “atomically on-chain,” with finality in seconds instead of days.

In traditional markets, assets and cash move through a chain of clearinghouses and custodians over one to two days, tying up capital and leaving room for principal risk.

Solana DvP compresses these multiple legs into a single atomic transaction, such that both legs settle together, or neither does.

In plain English, institutions no longer have to trust the counterparty to deliver later.

The trade either completes in full instantly, or it doesn’t happen at all, eliminating the risk of one party defaulting after receiving the asset or the cash as a part of the trade.

The DvP program also replaces the patchwork that institutions currently face when settling trades on-chain, where they’ve had to commission custom, one-off smart contracts for each deal.

“Atomic settlement removes counterparty risk that is inherent in traditional finance.

Solana DvP program provides institutions with one open standard across the Solana ecosystem, on public infrastructure, with finality in seconds instead of days,” Catherine Gu, head of product, Digital Assets, Solana Foundation, said in a press release shared with CoinDesk.

Analiz: Piyasa hareketliliği devam ediyor.