OFA Group signs $15M tokenization service agreement for Long Island City project

OFA Group

$15M platform technology fee: 50% on signing, 25% on smart contract deployment, 25% on token issuance setup.
Project is mixed-use redevelopment of warehouse in Long Island City, NY, estimated stabilized value ~$1B.
OFA Group's role limited to tokenization infrastructure; not acting as issuer, broker-dealer, or placement agent.
Agreement with MD Queens Development LLC (or SPV Dragon Group) effective March 31, 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

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

Action: entry
Counterparty: MD Queens Development LLC, or its designated special purpose vehicle
Value: aggregate platform technology fee of $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 ”), in connection with a proposed mixed-use real estate development project located in Long Island City, New York (the “ Project ”).

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OFA Group filing history →

Source: SEC EDGAR

accession 0001493152-26-018584

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