diff --git a/x/auction/keeper/invariants.go b/x/auction/keeper/invariants.go
index 8ed32a48..83c8f689 100644
--- a/x/auction/keeper/invariants.go
+++ b/x/auction/keeper/invariants.go
@@ -10,10 +10,10 @@ import (
 
 // RegisterInvariants registers all auction invariants
 func RegisterInvariants(ir sdk.InvariantRegistry, k *Keeper) {
-	ir.RegisterRoute(types.ModuleName, "module-accounts", ModuleAccountInvariant(k))
+	ir.RegisterRoute(types.ModuleName, "module-account", ModuleAccountInvariant(k))
 }
 
-// AllInvariants runs all invariants of the auctions module.
+// AllInvariants runs all invariants of the auction module.
 func AllInvariants(k *Keeper) sdk.Invariant {
 	return func(ctx sdk.Context) (string, bool) {
 		return ModuleAccountInvariant(k)(ctx)
@@ -23,7 +23,6 @@ func AllInvariants(k *Keeper) sdk.Invariant {
 // ModuleAccountInvariant checks that the 'auction' module account balance is non-negative.
 func ModuleAccountInvariant(k *Keeper) sdk.Invariant {
 	return func(ctx sdk.Context) (string, bool) {
-		fmt.Println("running auction module invariant")
 		moduleAddress := k.accountKeeper.GetModuleAddress(types.ModuleName)
 		if k.bankKeeper.GetAllBalances(ctx, moduleAddress).IsAnyNegative() {
 			return sdk.FormatInvariant(
diff --git a/x/bond/keeper/invariants.go b/x/bond/keeper/invariants.go
new file mode 100644
index 00000000..b8366c92
--- /dev/null
+++ b/x/bond/keeper/invariants.go
@@ -0,0 +1,37 @@
+package keeper
+
+import (
+	"fmt"
+
+	sdk "github.com/cosmos/cosmos-sdk/types"
+
+	types "git.vdb.to/cerc-io/laconic2d/x/bond"
+)
+
+// RegisterInvariants registers all bond invariants
+func RegisterInvariants(ir sdk.InvariantRegistry, k *Keeper) {
+	ir.RegisterRoute(types.ModuleName, "module-account", ModuleAccountInvariant(k))
+}
+
+// AllInvariants runs all invariants of the bond module.
+func AllInvariants(k *Keeper) sdk.Invariant {
+	return func(ctx sdk.Context) (string, bool) {
+		return ModuleAccountInvariant(k)(ctx)
+	}
+}
+
+// ModuleAccountInvariant checks that the 'bond' module account balance is non-negative.
+func ModuleAccountInvariant(k *Keeper) sdk.Invariant {
+	return func(ctx sdk.Context) (string, bool) {
+		moduleAddress := k.accountKeeper.GetModuleAddress(types.ModuleName)
+		if k.bankKeeper.GetAllBalances(ctx, moduleAddress).IsAnyNegative() {
+			return sdk.FormatInvariant(
+					types.ModuleName,
+					"module-account",
+					fmt.Sprintf("Module account '%s' has negative balance.", types.ModuleName)),
+				true
+		}
+
+		return "", false
+	}
+}
diff --git a/x/bond/module/module.go b/x/bond/module/module.go
index 073f5224..414a64ff 100644
--- a/x/bond/module/module.go
+++ b/x/bond/module/module.go
@@ -24,6 +24,7 @@ var (
 	_ module.HasGenesis          = AppModule{}
 	_ module.HasServices         = AppModule{}
 	_ module.HasConsensusVersion = AppModule{}
+	_ module.HasInvariants       = AppModule{}
 )
 
 // ConsensusVersion defines the current module consensus version
@@ -116,3 +117,9 @@ func (am AppModule) RegisterServices(cfg module.Configurator) {
 	bond.RegisterMsgServer(cfg.MsgServer(), keeper.NewMsgServerImpl(am.keeper))
 	bond.RegisterQueryServer(cfg.QueryServer(), keeper.NewQueryServerImpl(am.keeper))
 }
+
+// module.HasInvariants
+
+func (am AppModule) RegisterInvariants(ir sdk.InvariantRegistry) {
+	keeper.RegisterInvariants(ir, am.keeper)
+}
diff --git a/x/registry/keeper/invariants.go b/x/registry/keeper/invariants.go
new file mode 100644
index 00000000..378692a7
--- /dev/null
+++ b/x/registry/keeper/invariants.go
@@ -0,0 +1,71 @@
+package keeper
+
+import (
+	"errors"
+	"fmt"
+
+	sdk "github.com/cosmos/cosmos-sdk/types"
+
+	types "git.vdb.to/cerc-io/laconic2d/x/registry"
+)
+
+// RegisterInvariants registers all registry invariants
+func RegisterInvariants(ir sdk.InvariantRegistry, k Keeper) {
+	ir.RegisterRoute(types.ModuleName, "module-account", ModuleAccountInvariant(&k))
+	ir.RegisterRoute(types.ModuleName, "record-bond", RecordBondInvariant(&k))
+}
+
+// AllInvariants runs all invariants of the registry module.
+func AllInvariants(k *Keeper) sdk.Invariant {
+	return func(ctx sdk.Context) (string, bool) {
+		res, stop := ModuleAccountInvariant(k)(ctx)
+		if stop {
+			return res, stop
+		}
+
+		return RecordBondInvariant(k)(ctx)
+	}
+}
+
+// ModuleAccountInvariant checks that the 'registry' module account balance is non-negative.
+func ModuleAccountInvariant(k *Keeper) sdk.Invariant {
+	return func(ctx sdk.Context) (string, bool) {
+		moduleAddress := k.accountKeeper.GetModuleAddress(types.ModuleName)
+		if k.bankKeeper.GetAllBalances(ctx, moduleAddress).IsAnyNegative() {
+			return sdk.FormatInvariant(
+					types.ModuleName,
+					"module-account",
+					fmt.Sprintf("Module account '%s' has negative balance.", types.ModuleName)),
+				true
+		}
+
+		return "", false
+	}
+}
+
+// RecordBondInvariant checks that for every record:
+// if bondId is not null, associated bond exists
+func RecordBondInvariant(k *Keeper) sdk.Invariant {
+	return func(ctx sdk.Context) (string, bool) {
+		err := k.Records.Walk(ctx, nil, func(key string, record types.Record) (bool, error) {
+			if record.BondId != "" {
+				bondExists, err := k.bondKeeper.HasBond(ctx, record.BondId)
+				if err != nil {
+					return true, err
+				}
+
+				if !bondExists {
+					return true, errors.New(record.Id)
+				}
+			}
+
+			return false, nil
+		})
+
+		if err != nil {
+			return sdk.FormatInvariant(types.ModuleName, "record-bond", fmt.Sprintf("Bond not found for record id: '%s'.", err.Error())), true
+		}
+
+		return "", false
+	}
+}
diff --git a/x/registry/module/module.go b/x/registry/module/module.go
index 7e4f5703..d8a325af 100644
--- a/x/registry/module/module.go
+++ b/x/registry/module/module.go
@@ -27,6 +27,7 @@ var (
 	_ module.HasServices         = AppModule{}
 	_ module.HasConsensusVersion = AppModule{}
 	_ appmodule.HasEndBlocker    = AppModule{}
+	_ module.HasInvariants       = AppModule{}
 )
 
 // ConsensusVersion defines the current module consensus version.
@@ -127,6 +128,12 @@ func (am AppModule) EndBlock(ctx context.Context) error {
 	return EndBlocker(ctx, am.keeper)
 }
 
+// module.HasInvariants
+
+func (am AppModule) RegisterInvariants(ir sdk.InvariantRegistry) {
+	keeper.RegisterInvariants(ir, am.keeper)
+}
+
 // Get the root tx command of this module
 func (AppModule) GetTxCmd() *cobra.Command {
 	return cli.GetTxCmd()