BondGovernance — Infrastructure for Secured Bonds

§ Journal

Notes from the bond governance desk.

Long-form commentary, frameworks and observations from the BondGovernance team.

← Journal
23 June 2026· BondGovernance Desk

From Quarterly Reviews to Continuous Covenant Oversight

Why the next generation of secured-bond infrastructure must move from episodic review to deterministic, continuous oversight.

Secured-bond covenants have historically been reviewed quarterly, by hand, in spreadsheets. The infrastructure layer that should connect indenture terms to live collateral data does not yet exist.

BondGovernance codifies every covenant as an enforceable rule and monitors collateral continuously, producing a verifiable audit trail for agents, banks and credit funds.