Odaily Planet Daily reports: Nasdaq-listed digital asset infrastructure company OFA Group has entered into an RWA tokenization services agreement with MD Queens Development. Through its real asset tokenization platform, Hearth, OFA will provide blockchain infrastructure support for a mixed-use development project in Long Island, New York, and tokenize the project during its early development phase. The associated digital assets will represent equity in the project’s SPV, rather than direct ownership of the underlying real estate. Under the agreement, OFA will receive a total of $15 million in funding, payable in stages upon achievement of specified milestones. (Globenewswire)
OFA Group Secures $15M RWA Tokenization Deal for Long Island Development Project
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Summary
OFA Group announced news on real-world assets (RWA), securing a $15 million tokenization deal for a Long Island development project. The Nasdaq-listed company will support MD Queens Development through its Hearth platform, tokenizing SPV rights for a mixed-use property. Payments will be made in phases tied to project milestones. The deal represents a significant update in infrastructure-backed tokenization within the digital asset space.
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