Solana DvP offers financial institutions an open-source settlement program designed to complete asset transfers and payments in seconds. The Solana Foundation announced Tuesday the launch of Solana DvP, an open-source settlement program for financial institutions that aims to cut settlement times. Solana DvP offers an open-source application programming interface for delivery-versus-payment (DvP) settlement on Solana. The program aims to cut securities settlement from one to two days to seconds by transferring assets and payment in a single transaction that either completes in full or does not take effect, the Solana Foundation said in a press release. It is designed to offer institutions a reusable alternative to custom smart contracts. Read more
Rachel Conlan will oversee institutional partnerships and ecosystem growth, while Jamal Raees will focus on stablecoins and tokenized deposits, following a wave of new partnerships. Solana Foundation has appointed former Binance chief marketing officer Rachel Conlan as chief strategy officer and former Polygon Labs executive Jamal Raees as general manager of payments. Conlan will lead strategy across institutional partnerships, ecosystem growth and efforts to bring businesses onto Solana, the foundation said Thursday. She spent three years at Binance and previously held senior roles at OKX, CAA Sports and Havas. Raees said he would deepen the foundation’s engagement with major payments companies and focus on infrastructure used by teams building payment services on Solana. Read more
The Solana Foundation launched a framework for protocol-level governance, enabling validators with at least 100,000 delegated SOL to publish new proposals. The Solana Foundation, the Swiss organization that supports the Solana network’s development, launched a new framework for protocol-level governance that enables proposing and voting on governance decisions for the Solana blockchain. The Solana Governance Proposals (SGPs) establish a standard that enables validators to submit core protocol proposals and vote onchain, with voting power based on their delegated Solana (SOL) stake, the Foundation announced in a Thursday X post. “An SGP captures a stake-weighted directional decision. It records what the community wants. It is not strictly focused on the technical detail of how to build the feature,” according to the GitHub repository, launched on Thursday. Read more
The Solana Foundation and Web3 security firm Asymmetric Research unveiled a new security initiative called STRIDE, along with a real-time incident-response network. The Solana Foundation on Monday announced a new security auditing framework for Solana-based protocols in addition to an incident-response network, warning that “adversaries are rapidly innovating.” The Solana Foundation, a Swiss organization that supports the adoption and security of Solana, and Web3 security firm Asymmetric Research unveiled the Solana Trust, Resilience and Infrastructure for DeFi Enterprises (STRIDE), stating that it was a “structured program for evaluating, monitoring and escalating security across Solana projects.” The initiative works to evaluate the security of protocols across eight pillars: program security, governance and access control, oracle and dependency risk, infrastructure security, supply chain security, operational security, monitoring and incident response, as well as log management and forensics. Read more
Eight crypto exchanges, custodians and wallets have joined a group formed to accelerate the adoption of tokenized assets. Decentralized finance platform Ondo Finance has announced the formation of the Global Markets Alliance — an industry partnership with eight cryptocurrency wallets, custodians and exchanges — aimed at accelerating the adoption of onchain financial assets. Announced Tuesday, the alliance includes the Solana Foundation, Bitget Wallet, Jupiter Exchange, Trust Wallet, Rainbow, BitGo, Fireblocks, 1inch and Alpaca. Ondo’s announcement suggested that more companies could soon join the alliance. Read more