OFA Group Enters into $15 Million Real World Asset Tokenization Agreement

OFA Group, Inc. has entered into a Real World Asset (RWA) tokenization service agreement with MD Queens Development LLC for a mixed-use real estate development project in Long Island City, New York. The agreement, valued at $15 million, involves OFA's Hearth RWA tokenization platform providing blockchain-based infrastructure for the project. OFA will receive the fee in two milestone-based installments and is compensated solely for technology and infrastructure services, not contingent on capital raising or investment performance. The tokens will represent interests in a special purpose vehicle associated with the project. OFA's role is limited to technology provision, with the client responsible for securities law compliance and investor activities. This agreement marks a significant step in monetizing OFA's RWA platform and highlights institutional interest in blockchain for real estate development.