Sofia skyline and institutional real estate
BGEN
IR / 01For Investors↗

RWA infrastructure · Bulgaria / SEE

Real assets.A new form.

Tokenized real assets. Fully backed. Structured redemption.

Infrastructure built to MiCA standards for real estate tokenization in Bulgaria and Southeast Europe — prepared for licensing, institutional trust, liquidity and scale.

01Request Investor Access↗02View the Structure↓
REGULATORYMiCA ARTPreliminary dialogue with the FSC (intention to file an ART application)
BACKING1 : 1Regulated access to the value of a specific real estate property
LIQUIDITY1—3 DAYS*Redemption under MiCA rules and the disclosed terms

*Pre-disclosed redemption pacing rules. The redemption obligation remains with the issuer.

01 / MARKET OPPORTUNITY

A €400B+ market
ready for transformation.

European households invest approximately €300B of new funds each year in securities and funds.

€400B+REGIONAL MARKET
BG · RO · GR
01 / EU FLOWS€300B

New inflows into securities and funds each year

02 / DAILY€800M+

New money every day

03 / TARGET€50M

First-year AUM

04 / ROUND€1.5M

Regulatory capital and the first buildings

0100200300400B+
€300BNew inflows into securities and funds each year
€800M+New money every day
€50MFirst-year AUM
DAB / INVESTMENT THESIS

We are not creating a new asset class.
We are creating a new way to access real value.

Next chapter ↓
0203

02 / THE PROBLEM

Massive capital
remains frozen.

Private investors from the EU

  • Seek high-growth opportunities
  • Direct real estate investment in Bulgaria is difficult for foreign buyers
  • Requires local market expertise
  • High transaction costs
  • Low liquidity
  • High minimum ticket size

Real estate developers in Bulgaria

  • Anticipating a potential market slowdown
  • Looking for new customer segments and alternative sales channels
  • Declining share of new-build sales relative to existing homes
  • Rising mortgage rates may further pressure demand and affordability

03 / THE SOLUTION

DAB Protocol
unlocks real assets.

Private buyers from the EU

  • Buy, sell and hold fractional exposure to Bulgarian real estateSofia residential real estate delivered approx. 18% CAGR in 2021–2026
  • Access real estate in minutes, not monthsThink online process, not traditional property paperwork
  • Be the holder, not the landlordProperty managers handle maintenance and day-to-day operations while you track your position in the app
  • Access liquidity according to disclosed rulesRedemption at market value of the reference assets with no early-exit penalties in normal mode
  • Security and transparencyTokens are issued in compliance with the EU MiCA framework for Asset-Referenced Tokens (ARTs)

Real estate developers in Bulgaria

  • Access to a new customer segmentInternational buyers
  • A new sales channelComplements existing channels
  • New recurring revenue streamsFrom rental and property management services
01 REAL ESTATE / SOF—001
ILLIQUID ASSET
INDEPENDENT VALUATION€12.48M
SPV
02 DIGITAL ASSET PASSPORT
✓STRUCTURED
LEGAL LAYER
ASSET ID
SOF—001
JURISDICTION
BG / EU
VALUATION
€12.48M
LEGAL WRAPPER
SPV
PASSPORT VERIFIED
ISSUE
03 1:1 BACKING
REAL ASSET€12.48M
=
TOKEN EXPOSURE€12.48M
100% BACKED
✓PROOF OF RESERVES
VERIFIED

SCROLL TO TRANSFORM ↓

04 / MECHANICS

How
DAB Protocol works.

The legal structure, technology and liquidity work as one system — from the asset through to redemption.

01

Asset enters the SPV

The asset is placed into a protected SPV structure.

02

A token is issued

The token references the value of the asset held by the SPV on a basis verified by independent valuation. It is not issued against, and does not represent an interest in, the SPV bond.

03

Investor participates

Qualified investors gain access and hold exposure in accordance with the applicable structure.

04

Reserves are verified

Chainlink Proof of Reserves verifies the backing.

05

Redemption

Tokens are burned and EUR is paid out through the mechanism.

ASSET→LEGAL LAYER→ON—CHAIN LAYER→LIQUIDITY

05 / TRUST BY DESIGN

Trust and security
by design.

Five interconnected layers form the institutional framework of DAB Protocol.

INSTITUTIONAL CONTROL STACK 5 LEVELS
01
ASSET BACKINGREAL ASSET · 100%
BASE
02
LEGAL SEGREGATIONINDEPENDENT SPV
SPV
03
ON—CHAIN CONTROLPROOF OF RESERVES
POR
04
LIQUIDITY CONTROLREDEMPTION
EUR
05
OVERSIGHTREGULATORY ACCESS
FSC
VERIFICATION SIGNAL
01

100% Asset Backing

Every token is fully backed by real assets.

BACKED
02

Independent SPV Structure

Legal separation for each asset.

SEGREGATED
03

Chainlink Proof of Reserves

Transparent verification through an oracle.

VERIFIED
04

Structured Redemption

Issuer redemption subject to pre-disclosed pacing rules.

REDEEMABLE
05

Regulatory Visibility

Full read-only access for the regulator.

READ—ONLY

06 / LIQUIDITY

Liquidity
you can
rely on.

DAB Protocol builds a structured issuer redemption mechanism and multi-layer liquidity to support stability even during market stress. Daily caps are pre-disclosed pacing rules, not a MiCA requirement.

LIQUIDITY ROUTER 4 SOURCES
REDEMPTION COREEURSTRUCTURED EXIT
01SPV RESERVE 02TRUST FUND 03COMPANY BUFFER 04EMERGENCY
ROUTING STATUSCONTROLLED / EUR
  1. 01SPV-Level ReserveReserve for each individual asset.
  2. 02Independent Trust FundShared independent trust fund.
  3. 03Company Liquidity BufferOperational redemption buffer.
  4. 04Emergency Liquidity FacilityBanking lines and bridge liquidity.

07 / VERIFIABLE SIGNALS

Traction and
validation.

Regulation, partnerships, technology and market interest are advancing in parallel.

SIGNAL REGISTER / VALIDATION LEDGER 06 DATA POINTS
01 / REGULATORYFSC

Regulatory Dialogue

Preliminary communication with the Financial Supervision Commission (FSC) has started. This does not constitute approval, a recommendation, or an opinion from the regulator.

IN PROGRESS
02 / PARTNERSLOI

LOI — Luximmo & Nera

Two signed LOIs and identified properties.

2 SIGNED
03 / AUDITAUD

CertiK Audit Ready

The audit starts after code completion.

PLANNED
04 / TECHNOLOGYEVM

ERC-20 EVM-compatible token

MiCA-aligned logic. Closed-loop simulator deployed on testnet. Full token lifecycle scenario exists. Stress scenarios under development. Internal use only. No tokens are offered or sold.

TESTNET
05 / LEGALMiCA

MiCA Legal Counsel

Regulatory framework and pre-application dialogue with the FSC. Not an approval or an opinion.

IN PROGRESS
06 / MARKETBFA

Member of the Bulgarian Fintech Association (BFA)

ACTIVE

08 / TWO PHASES

Market potential
— 5 years.

01
2026—2027

Tokenization Service

Revenue potential from a 3% tokenization fee:

  • Conservative · 0.1% capture€360K/year
  • Base case · 0.3% capture€1.08M/year
  • Optimistic · 0.5% capture€1.8M/year
02
2028—2029

DAB Capital / Fund

If DAB develops into a licensed asset manager (AIF/ELTIF):

  • AUM potential · 0.5% market share€600M
  • Management fee · 1.5%€9M/year
  • Total potential€10M–€15M/year

WHY NOW

01

MiCA full enforcement in 2026

Clear regulatory framework and deadline.
02

Existing ARTs are non-compliant

Legacy structures do not meet MiCA standards.
03

No serious competitor in the region

No serious MiCA competitor in BG / SEE.
04

First-mover advantage

Capture trust ahead of the market.

09 / FROM STRUCTURE TO SCALE

Roadmap
to launch.

2026 — 2028

Q3 2026

Foundation & Compliance

Pre-application dialogue with the FSC. Testnet simulator. Signed LOIs.

Q4 2026

Seed round

Close of the €1.5M round. Regulatory capital and preparation for the application.

Q1–Q2 2027

Full application

Submission of the full package to the FSC for an ART licence.

2027

Launch

First buildings and holders after the licence. Target: €50M AUM.

2028

Scaling

Portfolio expansion and new buildings.

10 / PRE—SEED

Invest in the future
of real assets.

ROUND€1.5MPRE—SEED
IRRequest Investor Access↗
01

MiCA ART
licence

02

Smart
contracts

03

First
tokenizations

04

Platform launch
by 2027

10.2 / USE OF FUNDS

Every euro from the round is allocated to licensing, development, reserves and platform launch.

€1.5M
ART licence + MiCA regulatory deposit30%
Core team20.67%
Team, reserve fund, marketing10%
Platform integrations7.33%
Legal, audit, office and infrastructure4%

11 / INVESTOR RELATIONS

Request
investor access.

Leave your contact details and receive the investor materials, deck and next steps.

DAB Protocol
Investor Relations
Info@dabprotocol.eu
+359 877 980 118
LinkedIn
Instagram · #dabprotocol


Sofia, Bulgaria
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