0001493152-26-015235
SEC filingOFA Group entered into a $15 million tokenization service agreement for a $1 billion real estate development, securing near-term revenue and advancing its blockchain infrastructure commercialization.
OFA Group's execution of a $15 million Real World Asset Tokenization Service Agreement with MD Queens Development LLC represents a material advancement in the company's blockchain infrastructure business. The agreement, relating to a $1 billion mixed-use development project in Long Island City, New York, provides OFA with secured, non-contingent revenue through its Hearth RWA tokenization platform. The milestone-based payment structure, with the first installment already received, offers near-term revenue visibility while aligning compensation with platform deployment phases. Importantly, the agreement clearly delineates OFA's role as a pure technology provider, limiting its responsibilities to blockchain infrastructure services while explicitly excluding involvement in securities law compliance, investor solicitation, or fundraising activities. This positioning allows the company to participate in institutional-grade real estate tokenization while maintaining a compliance-focused, technology-only role. The project's pre-development stage tokenization approach demonstrates OFA's capability to support next-generation capital formation models, potentially positioning the company for similar engagements in the growing institutional RWA tokenization market.