Design Requirement

REQ - Functional artefact requirements for a DLT trading and settlement system

Core technical requirements:

Design RequirementOpen source resource ↗

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design-knowledge/trading-green-bonds-dlt-req

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Producer label: REQ
Source paper: Trading Green Bonds Using Distributed Ledger Technology
Timestamp: 2026-07-16T00:00:00+00:00
Bundle path: design-knowledge/trading-green-bonds-dlt-req.md

design-requirementdltfinance-bondsgreen-bondssecurities-settlementtrading-green-bonds-dlt

Design requirement REQ: Functional artefact requirements for a DLT trading and settlement system

Core technical requirements: (1) manage states of contracts across the securities' lifecycle; (2) identify and verify that users are authorized for their roles; (3) maintain ownership of securities; (4) guarantee ACID execution of compound transactions, specifically delivery-versus-payment; (5) enforce correct attribution and non-repudiability of actions via digital signatures and cryptographic commitments. Contextual requirements and objectives: interoperability with external and legacy systems; settlement finality; support for new financial instruments with high-frequency data dependencies (e.g., carbon-emission monitoring); DLT compliance with well-reasoned regulatory exemptions; full supervisor/regulator access for automated supervision; full transparency and traceability of verification data across the instrument lifecycle; efficient high-volume trading with instantaneous settlement, real-time monitoring and market-abuse detection; and the ability to catalyze structured finance via a domain-specific language for specifying and immediately issuing new instruments.

Source paper

This design requirement is proposed by Trading Green Bonds Using Distributed Ledger Technology (Henrik Axelsen, Ulrik Rasmussen, Johannes Rude Jensen, Omri Ross, Fritz Henglein, 2023).

Citations

[1] Henrik Axelsen, Ulrik Rasmussen, Johannes Rude Jensen, Omri Ross, Fritz Henglein. Trading Green Bonds Using Distributed Ledger Technology. ECIS 2023 Research Papers. https://aisel.aisnet.org/ecis2023_rp/340 (opens in a new tab) [2] Source document: TRADING GREEN BONDS USING DISTRIBUTED LEDGER.pdf

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papers/trading-green-bonds-dlt

Trading Green Bonds Using Distributed Ledger Technology

The paper elicits and evaluates the functional artefact requirements of a novel DLT-based trading and settlement system for green bonds, distinguishing core technical requirements from contextual requirements and objectives for regulated, tradeable carbon-credit securities.

blockchaindesign-science-researchdltfinance-bonds+3

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Trading Green Bonds Using Distributed Ledger Technology
Paper
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REQ - Functional artefact requirements for a DLT trading and settlement system
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Trading Green Bonds Using Distributed Ledger Technology
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Trading Green Bonds Using Distributed Ledger Technology
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Trading Green Bonds Using Distributed Ledger Technology
Paper
Source
Trading Green Bonds Using Distributed Ledger Technology
Target
REQ - Functional artefact requirements for a DLT trading and settlement system
Link label
Design requirement REQ: Functional artefact requirements for a DLT trading and settlement system
Status
Resolved
Derived heading context: Design knowledge

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REQ - Functional artefact requirements for a DLT trading and settlement system

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Concept ID: design-knowledge/trading-green-bonds-dlt-req
Markdown path: design-knowledge/trading-green-bonds-dlt-req.md
Producer label: REQ
Native type: design-requirement

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Design requirement REQ: Functional artefact requirements for a DLT trading and settlement system Core technical requirements: (1) manage states of contracts across the securities' lifecycle; (2) identify and verify that users are authorized for their roles; (3) maintain ownership of securities; (4) guarantee ACID execution of compound transactions, specifically delivery-versus-payment; (5) enforce correct attribution and non-repudiability of actions via digital signatures and cryptographic commitments. Contextual requirements and objectives: interoperability with external and legacy systems; settlement finality; support for new financial instruments with high-frequency data dependencies…

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{
  "type": "design-requirement",
  "title": "REQ - Functional artefact requirements for a DLT trading and settlement system",
  "description": "Core technical requirements:",
  "resource": "https://aisel.aisnet.org/ecis2023_rp/340",
  "source_paper": "Trading Green Bonds Using Distributed Ledger Technology",
  "label": "REQ",
  "tags": [
    "trading-green-bonds-dlt",
    "design-requirement",
    "finance-bonds",
    "green-bonds",
    "dlt",
    "securities-settlement"
  ],
  "timestamp": "2026-07-16T00:00:00+00:00"
}

Design requirement REQ: Functional artefact requirements for a DLT trading and settlement system

Citations

[1] Henrik Axelsen, Ulrik Rasmussen, Johannes Rude Jensen, Omri Ross, Fritz Henglein. Trading Green Bonds Using Distributed Ledger Technology. ECIS 2023 Research Papers. https://aisel.aisnet.org/ecis2023_rp/340 [2] Source document: TRADING GREEN BONDS USING DISTRIBUTED LEDGER.pdf

{ "type": "design-requirement", "title": "REQ - Functional artefact requirements for a DLT trading and settlement system", "description": "Core technical requirements:", "resource": "https://aisel.aisnet.org/ecis2023_rp/340", "source_paper": "Trading Green Bonds Using Distributed Ledger Technology", "label": "REQ", "tags": [ "trading-green-bonds-dlt", "design-requirement", "finance-bonds", "green-bonds", "dlt", "securities-settlement" ], "timestamp": "2026-07-16T00:00:00+00:00" }