Alpha Bulgaria Warrants

Alpha Bulgaria Warrants (ALFW) is a token that represents on the blockchain the warrants issued by Alpha Bulgaria AD, which trades on the Bulgarian Stock Exchange (BSE) under the code ALFB. A warrant is a derivative instrument that gives its holder the right to subscribe to the company's new shares on predetermined terms; the ALFW warrants are listed on the same exchange under a separate ISIN code. According to its CoinGecko listing, the token is issued on Base, an Ethereum-compatible network.

The company's official website presents Alpha Bulgaria as a listed holding company that brings together under one roof its subsidiaries in financial services, regulated brokerage and custody, real estate development and tokenized finance. According to the project description on CoinGecko, tokenization is carried out with Factori AD, the group's licensed investment firm; client onboarding, identity verification and over-the-counter transactions go through this firm, and the structure is based on the European Union's MiCA regulation and the DLT Pilot Regime framework.

The token's value depends on the price of the underlying warrant, its exercise terms and its maturity; a warrant can lose its value when it expires or is not exercised. CoinGecko shows no active exchange trading for the token, so the value shown may not reflect a current trade. On Lzzo.com, DefiLlama's US dollar reference price for ALFW is shown along with a chart generated from the same source.