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

ME News report: On April 7 (UTC+8), OFA Group (OFAL), a Nasdaq-listed digital asset infrastructure company, announced that it has reached an RWA tokenization services agreement with MD Queens Development. Its Hearth platform will provide blockchain infrastructure for a comprehensive development project on Long Island, New York, 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, 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 developers officially integrating compliant on-chain financing and equity management. (Source: PANews)

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