Rolling Hills, California, April 06, 2026 (GLOBE NEWSWIRE) — OFA Group, Inc. (NASDAQ: OFAL) (“OFA” or the “Firm”), a technology-driven structure, actual property, and digital asset infrastructure firm, at present introduced the execution of a Actual World Asset (RWA) tokenization service settlement by its proprietary Fireside RWA Tokenization Platform with MD Queens Development LLC.
The settlement pertains to a serious mixed-use growth undertaking positioned in Long Island City, New York, with an estimated stabilized worth of roughly $1 billion. The undertaking includes the redevelopment of an current warehouse website right into a premier residential and industrial tower.
Contracted Platform Income
Beneath the phrases of the settlement, OFA will present end-to-end blockchain-based tokenization infrastructure for the undertaking and can obtain a complete platform expertise payment of $15 million.
The payment:
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Is contractually secured beneath a signed settlement
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Isn’t contingent upon capital elevating, token gross sales, or funding efficiency
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Represents compensation solely for expertise and infrastructure providers
The fee is structured in milestone-based installments aligned with platform deployment and good contract integration phases.
This engagement offers near-term income visibility and displays the Firm’s skill to monetize its RWA infrastructure platform by institutional-grade initiatives.
The Firm has acquired the primary fee in accordance with the phrases of the settlement.
Challenge and Tokenization Construction
The Long Island City undertaking is predicted to bear tokenization on the pre-development stage, enabling early-stage capital structuring by blockchain-based infrastructure.
Digital tokens created beneath the platform are supposed to signify pursuits in a delegated particular goal automobile (SPV) related to the undertaking, fairly than direct possession of the underlying actual property asset.
Scope of Companies
By way of its Fireside platform, OFA will present a complete suite of expertise providers, together with:
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Design and creation of digital tokens
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Development and deployment of good contracts
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Digital asset registry infrastructure
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Integration of project-related documentation
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Compliance-enabled technical options, together with switch restrictions and identification verification frameworks
The Firm’s position is strictly restricted to offering expertise infrastructure. OFA doesn’t act as an issuer, broker-dealer, placement agent, funding adviser, or trade operator, and doesn’t take part in investor solicitation, fundraising, or custody of funds or tokens.
