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