Digital asset infrastructure company OFA Group has reached a $15 million RWA tokenization agreement

According to Globenewswire, the Nasdaq-listed digital asset infrastructure company OFA Group announced a RWA tokenization service agreement with MD Queens Development, which will provide blockchain infrastructure support for a comprehensive development project in Long Island, New York, through its physical asset tokenization platform Hearth and will tokenize in the early stages of development.

The related digital assets will represent the project SPV interests, rather than directly corresponding to the underlying real estate ownership. According to the agreement, OFA will receive a total of $15 million in funding, which will be paid in phases based on milestones.