---
title: "OFA Group Wins $15 Million RWA Tokenization Contract for Long Island City Project With MD Queens"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281757818.md"
description: "OFA Group has secured a $15 million contract with MD Queens Development for a Real World Asset Tokenization Service Agreement related to a mixed-use project in Long Island City, New York. The agreement involves the design and deployment of tokenization infrastructure and smart contracts through OFA's Hearth platform. Payment is structured in two milestones and is not dependent on fundraising. OFA's responsibilities are limited to technology services, while MD Queens handles compliance and investor matters. The agreement is effective until the completion of services, signed on March 31, 2026."
datetime: "2026-04-06T12:03:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281757818.md)
  - [en](https://longbridge.com/en/news/281757818.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281757818.md)
---

# OFA Group Wins $15 Million RWA Tokenization Contract for Long Island City Project With MD Queens

OFA Group entered a Real World Asset Tokenization Service Agreement with MD Queens Development for a mixed-use project in Long Island City, New York. Through its Hearth platform, OFA will design and deploy tokenization infrastructure, smart contracts, and a digital asset registry, integrating project documents and compliance features. The $15 million platform technology fee is payable in two equal milestones tied to initial delivery and deployment phases and is not contingent on any fundraising or token sales. OFA's role is limited to technology services; MD Queens remains responsible for securities compliance and investor-related matters.

**Agreement details:**

-   **Agreement type**: Real World Asset Tokenization Service Agreement
-   **Counterparty**: MD Queens Development
-   **Signed / Effective**: Mar 31 2026 / same
-   **Duration / Termination**: Until completion of services
-   **Reason**: Provide tokenization tech for major NYC mixed-use development

Original SEC Filing: OFA Group \[ OFAL \] - 8-K - Apr. 06, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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