OFA Group reaches a $15 million agreement to provide RWA tokenization services for a New York real estate project

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

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