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OFA Group reaches a $15 million agreement to provide RWA tokenization services for a New York real estate project
ME News Report, April 7 (UTC+8), Nasdaq-listed digital asset infrastructure company OFA Group (OFAL) announced a service agreement for RWA tokenization with MD Queens Development. Its Hearth platform will provide blockchain infrastructure for the Long Island comprehensive development project in New York and tokenize it during early development stages. The tokens represent the project’s SPV equity and do not directly correspond to real estate ownership. OFA will receive $15 million in compensation, paid in stages according to project milestones. This move marks the transition of RWA from concept to commercial implementation, with traditional large-scale real estate development officially integrating compliant on-chain financing and equity management. (Source: PANews)