The escrow program swaps an asset and its payment in one transaction or not at all, and J.P. Morgan contributed its view of how institutions settle securities.
- Solana Foundation has released open-source code for an escrow program called Solana DvP, enabling one-step atomic settlement for tokenized trades.
- This program aims to eliminate counterparty risk inherent in traditional finance by ensuring assets and payments are exchanged simultaneously or not at all.
- J.P. Morgan provided input on the design, highlighting the need for shared, open standards in institutional market infrastructure.
Topics: Banks bankingsystems, Blockchain usage, Institutional adoption, Token issuance distribution, Ethereum evm l 1 s, Banking depository pilots
Tags: #solana #tokenizedtrades #deliveryversuspayment #atomicsettlement #jpmorgan #opensourcecode #escrowprogram #settlementstandard #counterpartyrisk #digitalassets
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