DealsApr 22, 2026, 05:06 PM
OFA Group to Tokenize Dragon Group's $1B NYC Real Estate Project
AI Summary
OFA Group, through its Hearth RWA Platform, has entered into a service agreement with Dragon Group to provide real world asset tokenization technology for a mixed-use real estate project in Long Island City, New York. The project involves redeveloping an existing warehouse into a residential and commercial tower, with an estimated stabilized value of approximately $1 billion. This partnership positions OFA Group as a key technology provider in the growing real estate tokenization market, leveraging its blockchain infrastructure for a significant development.
Key Highlights
- OFA Group's Hearth platform to tokenize Dragon Group's NYC project.
- Project involves redeveloping a warehouse into a mixed-use tower.
- Estimated project value is approximately $1,000,000,000.
- Agreement effective March 31, 2026.