OFA Group Enters $7.5 Million Tokenization Platform Services Agreement for Vero Beach, Florida Residential Development Project
OFA Group (NASDAQ: OFAL) entered a Real World Asset Tokenization Service Agreement using its Hearth platform for a Vero Beach, Florida residential redevelopment project.
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Rhea-AI Summary
OFA Group (NASDAQ: OFAL) entered a Real World Asset Tokenization Service Agreement using its Hearth platform for a Vero Beach, Florida residential redevelopment project.
The Client agreed to a $7.5 million platform technology fee, payable in two $3.75 million milestones; the first installment has been received but is not yet recognized as GAAP revenue.
Tokens are expected to represent interests in a Client-controlled special purpose vehicle, while OFA’s role is limited to providing blockchain-based technology infrastructure and excludes any securities issuance or fundraising activities.
Positive
- $7.5 million contractual platform technology fee under the tokenization agreement
- First $3.75 million installment of platform fee already received
- Fee is not contingent on token sales or capital-raising success
- Milestone-based payments aligned with Hearth platform deployment phases
- Agreement supports commercialization of the Hearth RWA tokenization platform
Negative
- Platform technology fee is not yet recognized as GAAP revenue
- Second $3.75 million installment depends on achieving contract milestones
Details
News Market Reaction – OFAL
On May 14, the day this news came out, OFAL closed 19.43% below the previous close.
Data tracked by StockTitan Argus for the May 14 session.
Key Figures
- Platform technology fee
- $7.5 million
- Total Hearth tokenization services fee under Vero Beach Agreement
- Installment amount
- $3.75 million
- Each of two milestone-based installments of the platform fee
- First installment received
- $3.75 million
- Already received by OFA Group under the Agreement
- Projected project value
- $500 million
- Client’s projected stabilized value of completed Vero Beach project
Historical Context
-
Acquired 50% co-ownership of QIKBIM IP with capitalized development payments.
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Signed $15M Hearth tokenization agreement for $1B Long Island City project.
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Announced Hearth platform live in production with service fee model.
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Clarified Hearth as non-custodial technology-only infrastructure without fundraising role.
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Launched Hearth RWA tokenization platform for institutional-grade assets.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
real world asset tokenization technical
blockchain-based technical
special purpose vehicle financial
smart contracts technical
digital registry technical
broker-dealer financial
investment adviser financial
usd coin financial
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Rolling Hills, California, May 14, 2026 (GLOBE NEWSWIRE) -- OFA Group, Inc. (NASDAQ: OFAL) (“OFA” or the “Company”), a technology-driven architecture, real estate, and digital asset infrastructure company, today announced that, on May 8, 2026, the Company entered into a Real World Asset Tokenization Service Agreement (the “Agreement”) through its proprietary Hearth RWA tokenization platform with Vero 60 LLC and Vero Beach Land Development LLC (or its designated special purpose vehicle) (the “Client”).
Under the Agreement, the Company will provide blockchain-based tokenization technology infrastructure services in connection with the Client’s residential real estate development project located in Vero Beach, Florida (the “Project”). The Project consists of the redevelopment of an existing agriculture property into a low-density residential community. The projected stabilized value of the completed Project, as estimated by the Client, is approximately
Platform Technology Fee
As consideration for the technology and tokenization infrastructure services described in the Agreement, the Client has agreed to pay the Company a platform technology fee of
The Platform Technology Fee:
- is contractually established under the executed Agreement;
- is not contingent upon the success of any capital raising, token sale, or investment activity, and is payable solely for access to and use of the Hearth platform and related infrastructure services;
- is payable in milestone-based installments aligned with platform deployment phases as set forth in the Agreement; and
- does not represent recognized revenue under U.S. generally accepted accounting principles. Revenue recognition will be determined in accordance with the Company’s accounting policies and applicable accounting standards based on the satisfaction of performance obligations.
Project and Token Structure
Tokenization under the Agreement is contemplated to occur at the pre-development stage of the Project. Digital tokens created under the Agreement are intended by the Client to represent equity or economic interests in a special purpose vehicle designated by the Client to hold the Project, and are not intended to constitute direct ownership of the underlying real property.
The Client, as issuer of the tokens, will be solely responsible for compliance with all applicable federal, state, and foreign securities laws and regulations, including selection of the applicable offering exemption and engagement of qualified securities counsel and any registered broker-dealer or placement agent required for the offering.
Scope of Services
Through the Hearth platform, the Company will provide technology infrastructure services to the Client, which may include:
- design and technical creation of digital tokens;
- development and deployment of smart contracts on the applicable blockchain network;
- maintenance of a digital registry of token issuances on the applicable blockchain network;
- technical support for the integration of project-related documentation; and
- implementation of technical features reflecting compliance parameters specified by the Client and its counsel, including transfer restrictions and integrated third-party identity verification tools.
The Company’s role under the Agreement is strictly limited to technology and tokenization infrastructure. The Company does not act, and the Agreement expressly provides that the Company shall not act, as an issuer of securities, broker-dealer, placement agent, investment adviser, exchange operator, or fundraising intermediary. The Company will not solicit, introduce, or refer investors, will not hold custody of investor funds or token proceeds, and will not participate in any capital raising activity. All offering structure, investor solicitation, marketing, regulatory compliance, and reporting obligations are the sole responsibility of the Client and its advisors.
Strategic Significance
The Agreement represents continued commercialization of the Company’s Hearth RWA tokenization platform and reflects ongoing institutional interest in blockchain-based infrastructure for real estate development.
Management Commentary
Larry Wong, Chief Executive Officer of OFA Group, commented:
“We are pleased to support this engagement and to continue demonstrating the capabilities of our Hearth platform as a technology provider for institutional-grade real estate development projects.”
Additional Information
Additional information regarding the Agreement, including a copy of the Agreement filed as an exhibit, is set forth in the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on or about the date of this press release. The description of the Agreement in this press release is qualified in its entirety by reference to the full text of the Agreement as filed with the SEC.
About OFA Group, Inc.
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 Hearth platform, OFA provides non-custodial real world asset tokenization technology infrastructure for institutional-grade projects, in a strictly technology-focused role.
No Offer or Solicitation
This press release is for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, any security, token, or other instrument, in any jurisdiction. Any tokens to be issued in connection with the Project, if and when issued, will be issued by the Client (or its designated special purpose vehicle) and not by the Company, and will be subject to all applicable securities laws and to the offering exemption and transfer restrictions determined by the Client and its counsel. No tokens may be offered or sold in the United States absent registration under the Securities Act of 1933, as amended, or an applicable exemption from registration. The Company is not the issuer, sponsor, promoter, or distributor of any such tokens, and the Company makes no representation or warranty regarding the investment merit, regulatory status, financial performance, or market value of any such tokens.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding expected project value, anticipated platform deployment, and potential future revenue. These statements are subject to risks and uncertainties, including regulatory developments, project execution risks, and market conditions. Actual results may differ materially from those expressed or implied.
Contact
Investor Relations
OFA Group
Email: info@ofagroup.com
Website: www.ofacorp.com
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