OFA Group signs $7.5M tokenization services deal for Vero Beach residential project

OFA Group

Received first $3.75M installment of $7.5M platform fee for blockchain tokenization services.
Agreement with Vero 60 LLC and Vero Beach Land Development LLC for redevelopment into low-density residential community.
Client estimates completed project stabilized value at ~$500M.
Role limited to technology infrastructure; client responsible for securities compliance and offering.
Not contingent on token sale success; revenue recognition deferred per GAAP.

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 Vero 60 LLC and Vero Beach Land Development LLC, or its designated special purpose vehicle valued at $7,500,000 (effective 2026-05-08).

Action: entry
Counterparty: Vero 60 LLC and Vero Beach Land Development LLC, or its designated special purpose vehicle
Value: $7,500,000
Effective: 2026-05-08

Exact text from the filing

On May 8, 2026, OFA Group, Inc. (the “ Company ”) entered into a Real World Asset Tokenization Service Agreement (the “ Agreement ”) with Vero 60 LLC and Vero Beach Land Development LLC, or its designated special purpose vehicle (the “ Client ”), in connection with a proposed residential real estate development project located in Vero Beach, Florida (the “ Project ”).

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OFA Group filing history →

Source: SEC EDGAR

accession 0001493152-26-023062

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