PANews reported on April 6th that, according to Globenewswire, Nasdaq-listed digital asset infrastructure company OFA Group (OFAL) announced an agreement with MD Queens Development for RWA tokenization services. OFA's Hearth platform will provide blockchain infrastructure for the Long Island integrated development project in New York and will tokenize the tokens early in the development process.

The tokens represent SPV equity in the project and do not directly correspond to real estate ownership. OFA will receive $15 million in compensation, paid in stages according to project milestones. This marks RWA's transition from concept to commercial implementation, and traditional large-scale real estate development has officially integrated compliant on-chain financing and equity management.