OFA Group signs $15M tokenization deal for $1B Long Island City project

OFA Group

Platform technology fee of $15M, payable in two milestone installments; initial payment already received.
Agreement covers blockchain tokenization infrastructure for a $1B mixed-use redevelopment in Long Island City, NY.
Services include digital token design, smart contract deployment, asset registry, and compliance features.
OFA's role is strictly technology; client retains securities law compliance and investor activities.
CEO Larry Wong highlights institutional adoption of the Hearth RWA platform.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OFA Group entered into Real World Asset Tokenization Service Agreement with MD Queens Development LLC, or its designated special purpose vehicle valued at $15,000,000 (effective 2026-03-31).

Action: entry
Counterparty: MD Queens Development LLC, or its designated special purpose vehicle
Value: $15,000,000
Effective: 2026-03-31

Exact text from the filing

On March 31, 2026, OFA Group, Inc. (the “ Company ”) entered into a Real World Asset Tokenization Service Agreement (the “ Agreement ”) with MD Queens Development LLC, or its designated special purpose vehicle (the “ Client ”)

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OFA Group filing history →

Source: SEC EDGAR

accession 0001493152-26-015235

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