Alpha Bulgaria Warrants

Alpha Bulgaria Warrants (ALFW) is a tokenized representation of warrants issued by Alpha Bulgaria AD, a publicly traded investment holding company listed on the Bulgarian Stock Exchange under the ticker ALFB. Each token corresponds to a warrant that confers the right to subscribe for new ALFB shares under the terms of the company's warrant issue, with those underlying instruments registered and traded on a regulated EU market. The product is aimed at investors who want blockchain-based access to a regulated, exchange-listed European derivative security without going through a traditional brokerage directly.

The tokenization is carried out in partnership with Factori AD, an EU-licensed investment intermediary based in Bulgaria, which handles client onboarding, KYC and AML compliance, and licensed over-the-counter execution. The tokens are issued on an EVM-compatible blockchain, meaning they live within the Ethereum Virtual Machine ecosystem and can be held in compatible wallets. The structure operates within the European regulatory framework, including MiCA and the DLT Pilot Regime, and there is no independent consensus algorithm reported for this asset because it relies on the underlying chain rather than a protocol of its own.

The data stored for this asset does not include a fee stream, revenue figures, or protocol earnings, so fee-based measures that this site calculates for other assets are not applicable here. The circulating supply stands at 35,714,286 tokens, which equals the maximum supply, meaning supply issued is 100 percent of the total at this point in time and the fully diluted valuation equals the market capitalisation of 114,330,001 USD, giving an FDV-to-market-cap ratio of exactly 1.0. There is no dilution overhang and no pending supply, so no additional tokens are scheduled to enter circulation based on the data recorded here.