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).
Citations
[1] David Cisar, Benjamin Schellinger, Jens-Christian Stoetzer, Vincent Gramlich, Tobias Guggenberger, Nils Urbach, Florian Lennart Weiss. Designing the future of bond markets: Reducing transaction costs through tokenization. Electronic Markets 35:9 (2025). https://doi.org/10.1007/s12525-025-00753-3 (opens in a new tab) [2] Source document: Designing the future of bond markets - Reducing transaction costs.pdf