Real Technologies, the parent company of REAL Finance, has completed its first securities tokenization agreement, marking the initial operational deployment of its infrastructure.
The transaction activates a committed institutional pipeline of more than $100 million in client assets.
The Details of the Initiative
The agreement was signed with Factori AD, an EU-regulated investment broker that will channel assets through REAL Finance’s tokenization platform. Factori AD will also manage OTC execution, custody arrangements, and all regulatory processes, including KYC and AML compliance.
Tokenization will occur on an EVM-compatible blockchain ahead of REAL Finance’s planned launch of its dedicated Layer 1 mainnet. Conducting the initial transaction on existing EVM rails allows the team to validate operational processes and personnel before migrating activity to its own network.
The pilot will test each stage of the workflow: sourcing a regulated instrument, executing it through licensed channels, and issuing the tokenized representation on-chain. REAL Finance emphasizes tokenizing real securities rather than creating synthetic exposures. Eligible instruments include public and private equity, derivatives, and bonds. In this arrangement, licensed brokers retain responsibility for regulatory compliance while REAL Finance provides the on-chain settlement and transparency layer.
The first transaction involves equity derivatives of Alpha Bulgaria AD: 5 million warrants currently valued at approximately €2.75 each. Alpha Bulgaria AD is a publicly traded investment company listed on the Bulgarian Stock Exchange under the ticker ALFB and is headquartered in Sofia. International securities will be held at the Bank of New York, while Bulgarian assets will remain with the Central Depository in Bulgaria.
REAL Finance stated this transaction represents the first tranche of a broader pipeline. Factori AD has committed to directing more than $100 million in additional client assets for tokenization once the initial workflow is validated. Running the pilot before the mainnet launch is intended to demonstrate that the system operates effectively under real-world conditions and can scale to handle larger volumes.
Executive Perspectives
Ivo Grigorov, Chief Executive Officer of REAL Technologies, said the agreement demonstrates that REAL’s tokenization capabilities are operational and contracted with real securities backed by a regulated broker.
“The pilot allows us to validate the full model before we scale to service our multi-nine-figure committed assets pipeline,” he added.
Valenting Dimitrov, Chief Operating Officer of REAL Technologies, commented:
“We designed the architecture around licensed custody, full compliance, and genuine instruments. This first executed deal, together with the committed flow, confirms institutional demand for the infrastructure we are building.”
The pilot transaction will inform final preparations for the dedicated mainnet launch and serve as proof of concept for institutional clients considering tokenization of regulated financial instruments.