REAL Technologies Inc., the parent company of REAL Finance, has signed its first securities tokenization agreement with Factori AD, an EU-regulated investment broker offering brokerage, OTC execution, custody, and investment advisory services. The agreement represents the first live implementation of REAL Finance’s infrastructure for regulated securities tokenization and activates an institutional pipeline exceeding $100 million in client assets.
Under the agreement, Factori AD will facilitate institutional and client asset flows through REAL’s infrastructure while overseeing all regulated brokerage operations, including onboarding, KYC and AML compliance, licensed OTC execution, and segregated custody. International securities custody will be handled through Bank of New York, while Bulgarian securities will remain with the Central Depository in Bulgaria.
The first transaction under the partnership focuses on equity derivatives linked to Alpha Bulgaria AD, which trades on the Bulgarian Stock Exchange under the ticker ALFB. The pilot transaction includes 5 million warrants currently valued at approximately €2.75 each. These assets have been designated for tokenization through REAL’s infrastructure under Factori AD’s licensed custody and transfer-agent structure.
According to the companies, the transaction represents the initial phase of a broader institutional pipeline, with Factori AD committing more than $100 million in additional client assets for future tokenization through REAL’s infrastructure.
The pilot will be deployed on an EVM-compatible blockchain ahead of the planned launch of REAL Finance’s Layer 1 mainnet. The objective is to test the complete lifecycle of tokenized securities, including regulated sourcing, licensed OTC execution, regulated custody, and on-chain settlement.
“We see growing institutional demand for regulated tokenization infrastructure that can bridge traditional securities markets with 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 on-chain while maintaining regulated execution, custody, and onboarding standards,” said Dimitar Tsvetanov.
REAL Finance stated that its model is focused on tokenizing real financial instruments, including publicly traded equities and derivatives, private market shares, and bonds, rather than synthetic exposure products. The company positions itself as the infrastructure and settlement layer, while regulated brokers and issuers remain responsible for the underlying assets and 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.
The agreement comes amid broader institutional interest in tokenized real-world assets, as regulated financial firms continue exploring blockchain-based systems for securities settlement and asset servicing.


