REAL Finance has signed its first securities tokenization agreement, partnering with Factori AD — a fully licensed, EU-regulated investment broker. The deal activates an institutional pipeline exceeding $100 million in client assets, marking a concrete step for the tokenization firm as it prepares for its own Layer 1 mainnet launch.
The pilot deal
The initial transaction involves equity derivatives tied to Alpha Bulgaria AD, a company listed on the Bulgarian Stock Exchange under ticker ALFB. The pilot includes 5 million warrants valued at roughly €2.75 each. The transaction will run on an EVM-compatible blockchain before REAL Finance's own mainnet goes live.
Who handles what
Factori AD keeps control of all regulated brokerage functions — client onboarding, KYC, AML compliance, licensed OTC execution, and segregated custody. International securities custody stays with Bank of New York; Bulgarian securities sit at the Central Depository in Bulgaria. REAL Finance is focused solely on tokenizing real securities — publicly traded equities and derivatives, private market shares, bonds — not synthetic exposure products.
Dimitar Tsvetanov, managing director at Factori AD, said institutional demand for regulated tokenization infrastructure is growing. Ivo Grigorov, CEO of REAL Technologies, said the agreement demonstrates that REAL's tokenization capabilities are operational and under contract with a regulated broker. Valentin Dimitrov, COO of REAL Technologies, added that the architecture was built around licensed custody, full compliance, and genuine instruments.
Factori AD has committed more than $100 million in additional client assets for tokenization through REAL's infrastructure. The pilot is meant to validate the full workflow — regulated sourcing, licensed OTC execution, regulated custody, and on-chain tokenization — before REAL's mainnet launch.
