Delivery versus Payment (DvP) settlement on JIL ensures that the delivery of an asset and the corresponding payment occur simultaneously and atomically. Neither party bears the risk of delivering without receiving payment, or paying without receiving the asset. The multi-party attestation protocol validates both legs of the exchange before executing either.
DvP is a fundamental principle of securities settlement established by international standards bodies. Without DvP, one party always bears principal risk - the risk that they fulfill their obligation but the counterparty does not. This risk is particularly acute in cross-border transactions with different legal systems.
JIL Sovereign Technologies, Inc. checks paid claims and seals an evidence file. This generated page is a glossary note. It is not a claim that a check by this name is one of the 332 active checks. A court decides what it admits. The wallet is getjil.com. The Layer-1 is jilsovereign.net.
JIL Sovereign Technologies, Inc. checks paid claims and seals an evidence file. This generated page is a glossary note. It is not a claim that this topic is one of the 332 active checks, and it is not a claim about the wallet or the Layer-1. A court decides what it admits. The wallet is getjil.com. The Layer-1 is jilsovereign.net.
Delivery vs Payment Settlement is critical for institutional operations because it reduces risk, improves capital efficiency, and provides verifiable proof of settlement completion.
