Solana has introduced an open-source Delivery versus Payment (DvP) program that allows institutions to settle trades atomically on its blockchain, with finality in seconds instead of days. This program enables simultaneous exchange of tokenized securities and USDC, eliminating counterparty risk by ensuring transactions either complete fully or not at all. The system supports compliance features like whitelisting and uses Solana's upgraded SPL Token-2022 standard. Early adoption includes a $50 million commercial paper issuance by J.P. Morgan for Galaxy Digital, demonstrating practical use. The open-source nature lowers barriers for institutions to adopt and adapt the technology, potentially increasing demand for USDC as a settlement asset. Key points to watch include broader institutional adoption, regulatory clarity, and growth in USDC settlement volumes tied to tokenized securities.
Solana's new open-source DvP program for institutional trade settlement is the subject, with Pluang market data providing context. As of Oct 06, 2026 08:51 WIB, 20 of 50 major cryptocurrencies rose while 29 fell. Notable movers include ATOM (Cosmos) at Rp32.374 with a 3.23% increase, XLM (Stellar) at Rp3.866 down 3.93%, and CAKE (PancakeSwap) at Rp43.636 down 3.42%.
LayerZero (ZRO) surged 10.55% to $2.12 on October 6, 2026, despite on-chain data showing persistent inflows to centralized exchanges and an 83% wash-trading ratio, suggesting much of the volume may be artificially inflated. Over the past nine days, Z...
Grayscale's Hyperliquid Staking ETF has appointed BitGo Bank & Trust as a second custodian for some of its Hyperliquid (HYPE) assets, alongside its primary custodian Anchorage Digital Bank. The new custody agreement, effective from September 30 and d...
Grayscale has added BitGo Bank & Trust as an additional custodian for its Hyperliquid Staking ETF (HYPG), effective September 30, 2026. This move spreads custody of the fund’s HYPE tokens, reducing reliance on a single provider and enhancing security...
India's Finance Minister Nirmala Sitharaman said trade negotiations with the U.S. have plateaued, highlighting challenges in finalizing a deal focused mainly on reducing the trade imbalance. The U.S. wants to increase exports to India to address a $5...
Super Inu (SI) experienced a sharp decline of more than 49% in 24 hours, marking the steepest drop among five Solana ecosystem tokens. Its market capitalization fell to $18.5 million. Other tokens also saw significant losses: e/acc dropped over 46% t...
