> For the complete documentation index, see [llms.txt](https://docs.reallayer.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.reallayer.com/introduction.md).

# Introduction

<figure><img src="/files/g0ttq3IjyDIp1sa3YswA" alt=""><figcaption></figcaption></figure>

## 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;