REAL Technologies — the parent company behind REAL Finance — has gone live with its first regulated securities tokenization deal, onboarding EU-licensed broker Factori AD as its first commercial partner. The agreement launches REAL Finance’s tokenization stack into production and unlocks an institutional pipeline topping $100 million in client assets committed for on-chain conversion.
What’s happening
- The pilot transaction will tokenize equity derivatives (5,000,000 warrants) tied to Alpha Bulgaria AD (BSE ticker: ALFB). Each warrant is currently valued at about €2.75.
- The tokenization will be executed on an EVM-compatible blockchain ahead of REAL Finance’s planned Layer 1 mainnet launch.
- Factori AD will route institutional and client assets through REAL’s infrastructure while retaining all regulated broker responsibilities — client onboarding, KYC/AML, licensed OTC execution and segregated custody.
How the model works
- REAL provides the settlement and tokenization infrastructure; the licensed broker (Factori) keeps regulated brokerage and compliance functions onshore.
- International securities custody will be handled via Bank of New York; Bulgarian securities will remain at the Central Depository in Bulgaria.
- REAL Finance says it focuses exclusively on tokenizing “real” securities — public equities and derivatives, private market shares and bonds — and does not pursue synthetic exposure products.
Why it matters
- This marks REAL Finance’s first live deployment for regulated securities and is intended to validate a complete workflow: regulated sourcing → licensed OTC execution → regulated custody → on-chain tokenization.
- Factori has committed more than $100 million in additional client assets to be tokenized through REAL’s infrastructure, creating a multi-nine-figure pipeline the company plans to scale once the model is validated.
Executive perspectives
- Dimitar Tsvetanov, Managing Director at Factori AD: institutional demand is growing for compliant infrastructure that bridges traditional securities markets with blockchain-based settlement, and this agreement lets clients bring real instruments on-chain while preserving regulated execution and custody.
- Ivo Grigorov, CEO of REAL Technologies: signing the deal proves REAL’s tokenization capabilities are operational with real securities and a regulated broker, and the pilot will validate the model before scaling.
- Valentin Dimitrov, COO of REAL Technologies: the architecture was built around licensed custody and compliance, and this initial execution — plus the committed asset flow — confirms institutional interest in the product.
Context
The deal arrives as institutional appetite for tokenized real-world assets and blockchain settlement solutions continues to rise. By combining regulated custody and brokerage with an on-chain settlement layer, REAL and Factori aim to offer a compliant path for shifting traditional securities onto blockchain rails.
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