Real Technologies, parent company of REAL Finance, has finalized its inaugural securities tokenization deal with Factori AD, an EU-regulated investment broker, marking the first operational use of its infrastructure and activating an institutional asset pipeline exceeding $100 million.
The agreement tasks Factori AD with handling brokerage, OTC execution, custody, and all regulatory processes, including KYC and AML compliance, while routing assets through REAL Finance’s tokenization infrastructure. The pilot transaction focuses on equity derivatives of Alpha Bulgaria AD, a publicly traded investment company on the Bulgarian Stock Exchange (ticker ALFB). It involves 5 million warrants, each currently valued at approximately €2.75 (giving an aggregate notional value of about €13.75 million). International securities will be held at Bank of New York, while Bulgarian assets remain with the Central Depository in Bulgaria.
Tokenization will initially run on an EVM-compatible blockchain ahead of REAL Finance’s planned dedicated Layer 1 mainnet, allowing the team to validate the full operational workflow—from sourcing a regulated instrument and executing it via licensed channels to issuing the tokenized representation on-chain. REAL emphasized that it deals only in real securities (public and private shares, derivatives, bonds), not synthetic exposure products, with licensed brokers retaining all regulatory obligations.
“Signing this agreement demonstrates that REAL’s tokenization capabilities are operational and under contract with real securities and a regulated broker. The pilot allows us to validate the full model before we scale to service our multi-nine-figure committed assets pipeline,” said Ivo Grigorov, CEO of Real Technologies. Valentin Dimitrov, COO, added that the architecture was designed around licensed custody, full compliance, and genuine instruments, and this first executed deal confirms institutional demand for the infrastructure.
Dimitar Tsvetanov, from Factori AD, noted growing institutional demand for regulated tokenization infrastructure bridging traditional securities markets with blockchain settlement systems, providing clients a compliant framework to bring real financial instruments on-chain while maintaining regulated execution, custody, and onboarding standards.
Following successful validation, Factori AD has committed to directing the full $100+ million client pipeline through REAL Finance’s infrastructure, positioning the deal as a notable step in the broader trend of institutional real-world asset tokenization.
