Design Principle

DP5 - Implement smart-contract-based crypto securities registers

Implement a crypto securities register (CSR) within a smart contract for digitally tokenized bearer bonds, disrupting the traditional custodian chain and accelerating settlement.

Overview

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Concept identity

design-knowledge/bond-markets-tokenization-tac-dp5

Open concept record

Producer label: DP5
Source paper: Designing the future of bond markets: Reducing transaction costs through tokenization
Timestamp: 2026-08-05T00:00:00+00:00
Bundle path: design-knowledge/bond-markets-tokenization-tac-dp5.md

bond-markets-tokenization-tacdesign-principlefinance-bondssecuritiestokenizationtransaction-costs

Design principle DP5: Implement smart-contract-based crypto securities registers

Implement a crypto securities register (CSR) within a smart contract for digitally tokenized bearer bonds, disrupting the traditional custodian chain and accelerating settlement.

Source paper

This design principle is proposed by Designing the future of bond markets: Reducing transaction costs through tokenization (David Cisar, Benjamin Schellinger, Jens-Christian Stoetzer, Vincent Gramlich, Tobias Guggenberger, Nils Urbach, Florian Lennart Weiss, 2025).

Addresses

Design objective DO-5: Ensure regulatory compliance (with MiCAR and eWpG)

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1 Design Objective

design-knowledge/bond-markets-tokenization-tac-do5

DO-5 - Ensure regulatory compliance (with MiCAR and eWpG)

The prototype must fully comply with the legal framework in Germany, covering both the token and specific regulatory requirements such as KYC and AML checks, forced transfer under judicial enforcement, and inclusion of a crypto securities registry (CSR).

bond-markets-tokenization-tacdesign-objectivefinance-bondssecurities+2

1 Paper

papers/bond-markets-tokenization-tac

Designing the future of bond markets: Reducing transaction costs through tokenization

Using a transaction-cost-theory lens, the paper identifies seven meta-requirements and derives five design objectives for an Ethereum-based bond prototype, from which it formulates five design principles for blockchain-based bond markets: apply modular design, exploit multi-token standards, automate on-chain payouts, restrict forced-transfer functions to regulators, and implement smart-contract-based crypto securities registers.

blockchainbond-markets-tokenization-tacdesign-science-researchfinance-bonds+3

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Designing the future of bond markets: Reducing transaction costs through tokenization
Paper
Source
Designing the future of bond markets: Reducing transaction costs through tokenization
Target
DP5 - Implement smart-contract-based crypto securities registers
Link label
Design principle DP5: Implement smart-contract-based crypto securities registers
Status
Resolved
Derived heading context: Design knowledge

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3 of 3 concepts · 5 directed relationships

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{
  "type": "design-principle",
  "title": "DP5 - Implement smart-contract-based crypto securities registers",
  "description": "Implement a crypto securities register (CSR) within a smart contract for digitally tokenized bearer bonds, disrupting the traditional custodian chain and accelerating settlement.",
  "resource": "https://doi.org/10.1007/s12525-025-00753-3",
  "source_paper": "Designing the future of bond markets: Reducing transaction costs through tokenization",
  "label": "DP5",
  "tags": [
    "bond-markets-tokenization-tac",
    "design-principle",
    "finance-bonds",
    "tokenization",
    "transaction-costs",
    "securities"
  ]
}

Design Principle

DP5 - Implement smart-contract-based crypto securities registers

Implement a crypto securities register (CSR) within a smart contract for digitally tokenized bearer bonds, disrupting the traditional custodian chain and accelerating settlement.

Overview

Producer metadata and the represented concept document.

Concept identity

design-knowledge/bond-markets-tokenization-tac-dp5

Open concept record

Producer label: DP5
Source paper: Designing the future of bond markets: Reducing transaction costs through tokenization
Timestamp: 2026-08-05T00:00:00+00:00
Bundle path: design-knowledge/bond-markets-tokenization-tac-dp5.md

bond-markets-tokenization-tacdesign-principlefinance-bondssecuritiestokenizationtransaction-costs

Design principle DP5: Implement smart-contract-based crypto securities registers

Implement a crypto securities register (CSR) within a smart contract for digitally tokenized bearer bonds, disrupting the traditional custodian chain and accelerating settlement.

Source paper

Addresses

Design objective DO-5: Ensure regulatory compliance (with MiCAR and eWpG)

Linked concepts

Concepts connected by incoming or outgoing native Markdown links.

Designing the future of bond markets: Reducing transaction costs through tokenization

blockchainbond-markets-tokenization-tacdesign-science-researchfinance-bonds+3

Relationships

Directed links from Markdown. Heading context is displayed as derived metadata, not as a formal OKF predicate.

Outgoing links

Incoming backlinks

Designing the future of bond markets: Reducing transaction costs through tokenization
Paper
Source
Designing the future of bond markets: Reducing transaction costs through tokenization
Target
DP5 - Implement smart-contract-based crypto securities registers
Link label
Design principle DP5: Implement smart-contract-based crypto securities registers
Status
Resolved
Derived heading context: Design knowledge

Local graph

One-hop by default, with an optional bounded two-hop view. Nodes are concept files and arrows are Markdown links.

Knowledge graph

3 of 3 concepts · 5 directed relationships

Concept types

Raw metadata

The complete producer frontmatter, serialized without server paths or runtime data.

Show producer frontmatter

{
  "type": "design-principle",
  "title": "DP5 - Implement smart-contract-based crypto securities registers",
  "description": "Implement a crypto securities register (CSR) within a smart contract for digitally tokenized bearer bonds, disrupting the traditional custodian chain and accelerating settlement.",
  "resource": "https://doi.org/10.1007/s12525-025-00753-3",
  "source_paper": "Designing the future of bond markets: Reducing transaction costs through tokenization",
  "label": "DP5",
  "tags": [
    "bond-markets-tokenization-tac",
    "design-principle",
    "finance-bonds",
    "tokenization",
    "transaction-costs",
    "securities"
  ]
}