
Tokenization will occur on an EVM-compatible blockchain ahead of REAL Finance’s planned Layer 1 mainnet launch. The pilot transaction validates an end-to-end workflow using Factori AD, an EU-regulated investment broker that channels client assets through REAL’s infrastructure. Factori AD executes OTC securities, maintains segregated custody, and performs client onboarding, KYC, and AML compliance. International assets are held at Bank of New York, while Bulgarian securities are held at the Central Depository in Bulgaria. REAL Finance’s Securities Tokenization Framework targets real securities, including public shares and derivatives, private market shares, and public and private bonds, rather than synthetic exposures. The pilot tokenizes 5,000,000 warrants of Alpha Bulgaria AD and tests sourcing, licensed OTC execution, regulated custody, and on-chain tokenization. Factori AD plans to route over $100 million more for tokenization via REAL’s infrastructure.
"Tokenization will be conducted on an EVM-compatible blockchain in advance of the planned launch of REAL Finance's purpose-built Layer 1 mainnet. The transaction serves as a live pilot to validate the end-to-end process. The agreement is with Factori AD, an EU-regulated investment broker, which will channel client assets through REAL's infrastructure. Factori AD will handle OTC securities execution and maintain segregated custody arrangements, with international assets held at Bank of New York and Bulgarian securities at the Central Depository in Bulgaria. Factori performs all client onboarding, KYC, and AML compliance."
"The model focuses exclusively on real securitiesincluding public shares and derivatives, private market shares, and both public and private bondsrather than synthetic exposures. By operating as infrastructure, REAL Finance leaves regulatory responsibilities for the underlying securities with the licensed broker and issuers, while providing the on-chain settlement, risk visibility, and composability layer."
"The initial pilot involves equity derivatives of Alpha Bulgaria AD, specifically 5,000,000 warrants currently valued at approximately 2.75 each. With the agreement signed, the securities have been designated for tokenization through REAL's engine under Factori's licensed transfer-agent and custody model. This transaction is structured to test the full workflow: sourcing of a real instrument, licensed OTC execution, regulated custody, and on-chain tokenization."
"The Alpha Bulgaria pilot represents the first tranche of a larger flow. Factori AD has committed to directing more than $100 million in additional client assets for tokenization via REAL's infrastructure. Executing the pilot on EVM-compatible rails prior to mainnet is intended to establish validated processes and a track record of institutional execution."
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