# Introduction

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## Welcome to Real

Real is a protocol and regulated exchange for tokenizing and trading real-world assets, tokenized securities, and stablecoins.

The Real ecosystem includes:

* **Real Protocol:**  A smart-contract framework for compliant token issuance, primary offerings, and peer-to-peer trading.
* **Real Exchange:**  A regulated exchange for tokenized securities and stablecoins across spot, perpetual, and P2P markets.
* **Real Tools:**  Open-source SDK and libraries for businesses to tokenize assets and launch vertical-specific marketplaces.

Altogether, Real reflects a deep understanding of modern DeFi patterns, account abstraction, and the requirements for building a robust foundation for real-world asset tokenization. Together, these products form a comprehensive blockchain ecosystem where infrastructure, applications, and economics function seamlessly.&#x20;