Solana news has put a new institutional tool in front of the market. The Solana Foundation released an open-source delivery-versus-payment program designed to settle an asset and its payment together, potentially cutting a process that can take days to seconds. It gives SOL investors a concrete infrastructure development to follow as public blockchains compete for financial-market activity.
Remittix is pursuing the other end of the customer chain. Its PayFi service is opening EUR and USD crypto-to-bank testing to 1,000 invited existing RTX holders, while its wallet and Markets platform are already available. Institutions may eventually move assets faster onchain; the question for RTX buyers is who makes digital money useful for the person waiting to receive it in a bank account.
Solana News: What the DvP Program Does
The Solana Foundation announcement describes an open-source program and API for delivery-versus-payment settlement. Both legs of a transaction are designed to complete together, reducing the gap between transferring an asset and receiving payment. JPMorgan provided input on institutional requirements, but that involvement should not be confused with the bank operating the system or a roster of institutions already settling live trades through it.
The development fits Solana’s push into tokenized finance. A reusable standard may save firms from constructing separate settlement logic for each transaction type. For SOL price, the next question is adoption: design partners and real settlement activity would make the new tool a stronger network catalyst than the code release alone. Solana’s existing speed, application base and fund-market exposure provide a substantial foundation while that process develops.
Remittix Targets the Everyday Settlement Problem
Remittix PayFi is designed to convert supported crypto into fiat delivered through compatible banking routes. Its first invited group can test initial EUR and USD options. A freelancer paid in digital assets, for example, still needs to turn that balance into usable money for rent or suppliers. That repeated task is the retail opportunity Remittix wants to make easier.
The Remittix ecosystem includes an iOS wallet with more than 10,000 reported downloads and a live Markets platform with over $50 million in cumulative trading volume. Someone who enters through a wallet may use PayFi later; a trader may want a bank payout. Earn is approaching release as another possible reason to remain inside the app.
International transfers represent a vast flow of recurring payments. Capturing even a narrow share could create significant activity for a platform that also serves traders and holders. RTX is intended for settlement and staking roles as that ecosystem expands, giving buyers a reason to track how the first customers use the product before its token reaches exchanges.
Two Financial Markets Moving Onchain
Solana’s DvP release addresses a major institutional workflow. Remittix is earlier in its retail rollout, with over 40,000 reported presale participants, more than $32 million raised toward a $36 million cap, a planned $0.46 final presale tier and November 24 announced for its RTX debut. The PayFi invitations start to test whether a customer-friendly app can turn that early community into repeat users.
Review Remittix’s current allocation and PayFi updates while institutional settlement projects gather participants. The growth story for RTX could begin with something much more familiar than a securities trade: a customer who needs money in their bank account again next month.
Explore RTX: Remittix website | X
Frequently Asked Questions
What is Solana DvP? It is an open-source delivery-versus-payment program designed to settle an asset and its payment together.
Does JPMorgan operate Solana’s settlement program? JPMorgan provided input on institutional settlement requirements; the Solana Foundation announced the program.
What are Remittix PayFi holders testing? One thousand invited existing RTX holders have access to initial EUR and USD crypto-to-bank options.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk, including total loss of capital.
All market analysis and token data are for informational purposes only and do not constitute financial advice. Readers should conduct independent research and consult licensed advisors before investing.
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