> ## Documentation Index
> Fetch the complete documentation index at: https://docs.digitalasset.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Credentials

# Credential Preparation for Token Issuance and Transfer

## 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       |

<iframe src="https://www.youtube.com/embed/lc3KwlEoYtA" width="560" height="315" frameBorder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowFullScreen />

## 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     |

<iframe src="https://www.youtube.com/embed/J7Xy0nAsUZ8" width="560" height="315" frameBorder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowFullScreen />

## 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     |

<iframe src="https://www.youtube.com/embed/UBaafmm0--o" width="560" height="315" frameBorder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowFullScreen />

## Issuer accepts credential offers

| Actor  | Utility Module |
| ------ | -------------- |
| Issuer | CREDENTIAL     |

<img src="https://mintcdn.com/digitalasset-374e862b/Efo7AgruOaunt-2i/registry/tutorials/issuance/pictures/issuer-accept-credential-offer.gif?s=6885109f82aa09a0538384b9d3acd8e5" alt="Issuer accepts credential offer" width="1209" height="687" data-path="registry/tutorials/issuance/pictures/issuer-accept-credential-offer.gif" />

## Investor1 accepts credential offer

Investor1 accepts the credential offer.

| Actor     | Utility Module |
| --------- | -------------- |
| Investor1 | CREDENTIAL     |

<img src="https://mintcdn.com/digitalasset-374e862b/Efo7AgruOaunt-2i/registry/tutorials/issuance/pictures/investor-accept-credential-offer.gif?s=cb220db11d4007cf7d908fd070cd3e1d" alt="Investor accepts credential offer" width="1209" height="687" data-path="registry/tutorials/issuance/pictures/investor-accept-credential-offer.gif" />

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