OFA Group Partners with MD Queens Development for Tokenization of Long Island Project

OFA Group, a Nasdaq-listed digital asset infrastructure company, has announced a partnership with MD Queens Development to provide tokenization services for a comprehensive development project in Long Island, New York. According to Odaily, the collaboration will utilize OFA Group's physical asset tokenization platform, Hearth, to support blockchain infrastructure and early-stage tokenization of the project. The digital assets created will represent the Special Purpose Vehicle (SPV) equity of the project, rather than direct ownership of the underlying real estate. As part of the agreement, OFA Group will receive a total of $15 million in funding, which will be disbursed in phases according to project milestones.