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

CoinFeed reported on April 6th that, according to Globenewswire, Nasdaq-listed digital asset infrastructure company OFA Group (OFAL) announced a tokenization service agreement with MD Queens Development for its Responsive Virtual Asset (RWA). OFA's Hearth platform will provide blockchain infrastructure for the Long Island, New York integrated development project and tokenize the tokens early in the development process. The tokens represent SPV equity in the project 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 application, with traditional large-scale real estate development formally integrating compliant on-chain financing and equity management.