OFA Group, a Nasdaq-listed digital asset infrastructure company, has signed a $15 million agreement with MD Queens Development to provide tokenization services for a real-world asset (RWA) project in Long Island, New York. The partnership will utilize OFA's Hearth platform to deliver blockchain infrastructure for the development, with tokenization commencing in the early stages. The tokens will represent equity interests in the project's special purpose vehicle (SPV), rather than direct real estate ownership. Payments to OFA will be made in stages as project milestones are achieved, marking a significant step in integrating traditional real estate with on-chain financing and equity management.
OFA Group Secures $15M Deal for Tokenization of New York Property Project
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