TechFlow News, April 6: According to GlobeNewswire, OFA Group, a Nasdaq-listed digital asset infrastructure company, announced a real-world asset (RWA) tokenization services agreement with MD Queens Development. Under the agreement, OFA will provide blockchain infrastructure support—and conduct tokenization at an early stage of development—for a mixed-use development project in Long Island, New York, via its physical asset tokenization platform, Hearth. The resulting digital assets will represent equity interests in the project’s special-purpose vehicle (SPV), rather than direct ownership of the underlying real estate. Per the agreement, OFA will receive total funding of $15 million, disbursed in milestone-based installments.
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