2 Credential Preparation for Token Issuance and Transfer

2.1 Registrar specifying the requirement of the BOND token

Here Registrar of BOND specifies the credential requirement, i.e. what credentials are needed in order to issue or hold the BOND tokens.

Actor

Utility Module

Registrar

REGISTRY

Select CONFIGURATIONS on the left navigation. In the Instrument Configurations box, click CREATE INSTRUMENT CONFIGURATION.

../../_images/instrument_config-1.png

A window pops up for input.

../../_images/instrument_config-2.png

In this demo, the credential requirements are designed as following:

Token-specific Role

Credential Requirements

Issuer

[holder] [isIssuerOf] [BOND]

Holder

[holder] [isHolderOf] [BOND]

Input BOND in Instrument ID

../../_images/instrument_config-3.png

The Registrar can set Instrument Identifers (optional)

  • Source = Registrar PartyID

  • ID = Ticker

  • Scheme = CUSIP, ISIN, …

../../_images/Registry_Intrument_Identifiers.png

Under Required Credentials for Issuers, click ADD

  • In the Credential Issuer, paste the Registrar’s Party ID

  • Then under Claim Requirements (where subject is the holder), click ADD

  • In Property, input isIssuerOf

  • In Value, input BOND

../../_images/instrument_config-4.png

Scroll down if needed

Under Required Credentials for Holders, click ADD

  • In the Credential Issuer, paste the Registrar’s Party ID

  • Then under Claim Requirements (where subject is the holder), click ADD

  • In Property, input isHolderOf

  • In Value, input BOND

../../_images/instrument_config-5.png

Then click CREATE. The instrument configuration is created.

../../_images/instrument_config-6.png

2.2 Registrar offers credential of token issuer and holder to Issuer

Registrar (of BOND) offers a free credential to Issuer (as an issuer and a holder of BOND).

Actor

Utility Module

Registrar

CREDENTIAL

Select CREDENTIALS on the left navigation. Click OFFER FREE CREDENTIAL. A window pops up for input.

  • Holder: Issuer’s Party ID

  • Id: Issuer-BOND-issuer

  • Description: <anything>

  • Claims

    • Subject: Issuer’s Party ID

    • Property: isIssuerOf

    • Value: BOND

../../_images/token_credentials-1.png

Select CREDENTIALS on the left navigation. Click OFFER FREE CREDENTIAL. A window pops up for input.

  • Holder: Issuer’s Party ID

  • Id: Issuer-BOND-holder

  • Description: <anything>

  • Claims * Subject: Issuer’s Party ID * Property: isHolderOf * Value: BOND

../../_images/token_credentials-2.png

2.3 Registrar offers credential of token holder to Investor1

Registrar (of BOND) offers a free credential to Investor1 (as a holder of BOND).

Actor

Utility Module

Registrar

CREDENTIAL

Select CREDENTIALS on the left navigation. Click OFFER FREE CREDENTIAL. A window pops up for input.

  • Holder: Investor1’s Party ID

  • Id: Investor1-BOND-holder

  • Description: <anything>

  • Claims * Subject: Investor1’s Party ID * Property: isHolderOf * Value: BOND

../../_images/token_credentials-3.png

2.4 Issuer accepts credential offers

Actor

Utility Module

Issuer

CREDENTIAL

Select OFFERS on the left navigation. There are two credential offers from Registrar.

../../_images/token_credentials-5.png

Click ACCEPT to both.

Now a credential is created (Check CREDENTIALS on the left navigation).

../../_images/token_credentials-6.png

2.5 Investor1 accepts credential offer

Investor1 accepts the credential offer.

Actor

Utility Module

Investor1

CREDENTIAL

Select OFFERS on the left navigation. There is one credential offer from Registrar.

../../_images/token_credentials-7.png

Click ACCEPT.

Now a credential is created (Check CREDENTIALS on the left navigation).

../../_images/token_credentials-8.png

Congratulations! All credentials are ready. It is time for the token issuance and transfer.