- REAL Finance signs first securities tokenization deal with Factori AD.
- The agreement leverages institutional assets exceeding $100 million.
- The pilot is covered by 5 million Alpha Bulgaria guarantees worth approximately €2.75 each.
REAL Technologies Inc., the parent company of REAL Finance, has signed its first securities tokenization agreement with Factori AD, a fully licensed and regulated EU investment brokerage.
The transaction represents REAL Finance’s first direct deployment of regulated securities infrastructure and activates an institutional pipeline of more than $100 million in client assets.
The initial transaction will include equity derivatives tied to Alpha Bulgaria AD, an investment company listed on the Bulgarian Stock Exchange, and will be executed on an EVM-compatible blockchain prior to the planned launch of REAL Finance’s Layer 1 mainnet.
REAL Finance is moving from building infrastructure to direct deployment
REAL Technologies said the agreement with Factori AD represents a major step in the commercial launch of REAL Finance’s token infrastructure.
The deal activates a committed institutional pipeline exceeding $100 million in client assets, the company said.
It also represents the first live deployment of REAL Finance’s tokenization infrastructure for regulated securities.
Under this structure, Factori AD will route institutional and client assets through REAL’s infrastructure.
The broker will continue to manage all regulated brokerage functions, including client onboarding, know your customer (KYC), anti-money laundering (AML) compliance, licensed OTC execution, and separate custody arrangements.
International securities custody will be maintained through the Bank of New York. Bulgarian securities will be kept in the central depository in Bulgaria.
The model is designed to maintain regulated brokerage and compliance functions with a licensed broker, while REAL Finance provides the infrastructure and settlement layer for tokenization.
REAL Finance said its approach focuses exclusively on tokenizing real securities.
These include publicly traded stocks and derivatives, private market stocks, and bonds. The company said it does not focus on synthetic exposure products.
The first tranche is linked to Alpha Bulgaria guarantees
The first transaction under the agreement involves equity derivatives linked to Alpha Bulgaria AD, a public investment company listed on the Bulgarian Stock Exchange under the symbol ALFB.
The pilot program includes 5,000,000 notes currently worth approximately €2.75 each.
These collaterals are allocated for tokenization through REAL’s infrastructure under Factori AD’s licensed custody and transfer agent framework.
This deal represents the first tranche of a broader institutional pipeline.
Factori AD has committed more than $100 million in additional client assets to tokenization through REAL’s infrastructure.
The transaction will be executed on an EVM-compatible blockchain prior to the planned launch of REAL Finance’s main layer 1 network.
REAL Technologies said the pilot is designed to validate the entire workflow of tokenized securities.
This workflow includes regulated sourcing, licensed OTC execution, regulated custody, and on-chain tokenization.
Dimitar Tsvetanov, General Manager of Factori AD, said that institutional interest in regulated token infrastructure is growing.
We see growing institutional demand for regulated tokenization infrastructure that can connect traditional securities markets to blockchain-based settlement systems. Through this agreement with REAL Finance, we are able to provide clients with a compliant framework for bringing real financial instruments onto the chain while maintaining regulated execution, custody and qualification standards.
Structured custody remains a key element of the model
REAL Technologies placed the agreement as proof that its tokenization model was now up and running and under contract with a regulated broker.
“The signing of this agreement demonstrates that REAL’s tokenization capabilities are operational and on contract with a real securities and regulated broker,” said Ivo Grigorov, CEO of REAL Technologies. “The pilot allows us to validate the full model before we scale to serve our nine-figure committed asset pipeline.”
Valentin Dimitrov, chief operating officer of REAL Technologies, said the company built the system around compliance and real financial instruments.
“We designed the architecture around permissioned custody, full compliance, and real tools. This first executed transaction, along with committed streaming, underscores the institutional demand for the infrastructure we are building,” Dimitrov said.
This deal comes amid growing institutional interest in tokenized real assets and blockchain-based settlement systems.
