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OFA Group ( (OFAL) ) has issued an update.
On March 31, 2026, OFA Group entered into a Real World Asset tokenization service agreement with MD Queens Development for a major mixed-use redevelopment project in Long Island City, New York, with an estimated stabilized value of about $1 billion. Under the deal, OFA, via its Hearth platform, will design and deploy blockchain-based tokenization infrastructure, including digital tokens linked to a project SPV, smart contracts, digital asset registries, documentation integration, and compliance-enabled technical features.
The agreement provides OFA with a contractually secured $15 million platform technology fee, payable in two milestone-based installments and not contingent on capital raising, token sales, or investment performance, and the company has already received the first payment. By limiting its role to technology and excluding issuer or broker functions, the deal offers near-term revenue visibility while reinforcing OFA’s positioning as a compliance-focused infrastructure provider and underscoring rising institutional interest in blockchain tokenization for large-scale real estate.
More about OFA Group
OFA Group, Inc. (NASDAQ: OFAL) is a technology-driven architecture, real estate, and digital asset infrastructure company operating at the intersection of AI, construction, and blockchain. Through its non-custodial Hearth platform, it provides real-world asset tokenization infrastructure for institutional-grade projects, focusing on compliant digital asset representation while remaining strictly a technology provider.
The company positions itself as a specialist in blockchain-based infrastructure that supports complex real estate and capital formation structures without engaging in issuing, brokering, or fundraising activities. This model targets institutional clients seeking to integrate tokenization technology into large-scale development and investment transactions.
Average Trading Volume: 166,267
Technical Sentiment Signal: Strong Sell
Current Market Cap: $9.78M
Learn more about OFAL stock on TipRanks’ Stock Analysis page.