ERC-7092: Financial Bonds

Implementing a standard API for Financial Bonds. This standard allows Institutions, Corporations, Municipalities, Decentralized Exchanges and Individuals to issue bonds in the Primary Market, to exchange bonds in the Secondary Market, and to redeem bonds when they mature.

The standard defines all the basic properties needed to model a financial bond, such as the issue date, the maturity date, the coupon rate, the principal, and the currency.

The standard could then be used to create bonds with embedded options such as CALLABLE bonds, PUTTABLE bonds, and CONVERTIBLE bonds.

Link to the draft EIP: Financial bonds - EIP draft

Thank you for the EIP. This seems interesting!

* @notice Returns the bond maturity date, i.e, the date when the pricipal is repaid. This is a Unix Timestamp like the one returned by block.timestamp
*         The maturityDate MUST be less than the issueDate
function maturityDate() external view returns(uint256);

Should it be “greater than” rather than “less than” here?

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Hello @xinbenlv

Thank you for the comment.

You’re right, it should be “greater than”, rather than “less than”. Going to correct it right now.

This is really great! Let’s disrupt the TradFi and give back power to the people!

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Yes, By proposing Tokenized bonds, more people could be interested in the Bond Market. And since smart contracts will replace intermediaries, people will have more power on their bonds, they can manage their bonds by their own.