OFA Group, Inc. (NASDAQ:OFAL) stock surged 20.3% in premarket trading Thursday after the company unveiled plans to launch a Real Estate Equity and Mortgage Assets (RWA) Platform leveraging AI and Web3 technology.
The platform is designed to establish a digital marketplace where real estate equity and mortgage-backed assets can be tokenized, fractionalized, and securely traded on blockchain networks. OFA is collaborating with Blockchain App Factory to develop the platform, aiming to deliver a Minimum Viable Product (MVP) within four months.
According to the announcement, the platform will provide real estate asset tokenization via Special Purpose Vehicles, institutional-grade onboarding with KYC/AML compliance, AI-powered valuation tools, and a Web3-enabled trading infrastructure.
“The convergence of real-world assets, AI, and Web3 technology is reshaping the global financial landscape. OFA’s development of this Real Estate and Mortgage Assets RWA platform reflects our commitment to innovation, transparency, and sustainable growth,” said CEO Larry Wong.
Additionally, the company disclosed plans to create a $100 million diversified cryptocurrency treasury, initially targeting Bitcoin and Ethereum, with intentions to expand into other digital assets, Web3 infrastructure projects, and premium global equities that align with OFA’s growth strategy.
The move positions OFA to capitalize on the rising trend of tokenizing real-world assets, which seeks to enhance liquidity and accessibility for traditionally illiquid investments, such as real estate.
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