OFA Group Lands $15M RWA Tokenization Mandate for Long Island Mixed-Use Project

OFA Group, a Nasdaq-listed digital asset infrastructure firm, has signed a real-world asset (RWA) tokenization services agreement with MD Queens Development for a mixed-use development in Long Island, New York, according to Odaily Planet Daily. Using its tokenization platform, Hearth, OFA will deliver blockchain infrastructure and tokenize the project during the early stage of development. The resulting digital assets will represent equity interests in the project’s special purpose vehicle (SPV), rather than direct ownership of the underlying real estate. The agreement provides OFA with total funding of $15 million, to be paid in tranches tied to the completion of predefined milestones, Globenewswire reported.