Meta Requirement

MR-1 - Reduce time-intensity

Although the clearing and settlement processes have been improved and standardized, settlement and clearing time still vary across some markets and, in most markets, take two business days. The prototype shall minimize process times.

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design-knowledge/bond-markets-tokenization-tac-mr1

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Producer label: MR-1
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-mr1.md

bond-markets-tokenization-tacfinance-bondsmeta-requirementsecuritiestokenizationtransaction-costs

Meta-requirement MR-1: Reduce time-intensity

Source paper

This meta-requirement 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).

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1 Design Objective

design-knowledge/bond-markets-tokenization-tac-do1

DO-1 - Minimize latency of settlement processes

The prototype should enable nearly instantaneous settlement of trades. The delay between the initiation of a trade and the actual settlement of a transaction is to be reduced to a minimum.

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
MR-1 - Reduce time-intensity
Target
Designing the future of bond markets: Reducing transaction costs through tokenization
Link label
Designing the future of bond markets: Reducing transaction costs through tokenization
Status
Resolved
Derived heading context: Source paper

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{
  "type": "meta-requirement",
  "title": "MR-1 - Reduce time-intensity",
  "description": "Although the clearing and settlement processes have been improved and standardized, settlement and clearing time still vary across some markets and, in most markets, take two business days. The prototype shall minimize process times.",
  "resource": "https://doi.org/10.1007/s12525-025-00753-3",
  "source_paper": "Designing the future of bond markets: Reducing transaction costs through tokenization",
  "label": "MR-1",
  "tags": [
    "bond-markets-tokenization-tac",
    "meta-requirement",
    "finance-bonds",
    "tokenization",
    "transaction-costs",
    "securities"
  ]
}