OFA Group implements blockchain strategy for senior housing development

LOS ANGELES - OFA Group (NASDAQ:OFAL) announced Friday the implementation of a Digital Asset Strategy aimed at streamlining senior housing development and mortgage transactions through blockchain technology. The company, currently valued at $24.51 million, has seen its stock surge over 27% in the past week, though InvestingPro data shows it remains significantly below its 52-week high of $9.79.

The initiative will integrate tokenized assets and smart contracts into the company’s real estate and financing workflows to reduce administrative friction and improve transaction transparency in the senior housing sector.

According to the company’s press release, the strategy builds upon OFA’s existing $100 million digital asset treasury initiative and will focus on two primary areas: tokenization of project equity and debt instruments for senior housing projects, and blockchain-based mortgage record-keeping and settlement.

The company stated that the implementation will leverage its proprietary AI tools, including PlanAid for automated building code compliance, to create integrated digital workflows spanning from initial architectural design through final financing.

OFA Group, which specializes in architecture, real estate innovation, and AI-driven design solutions, indicated that the strategy aims to broaden investor participation in senior housing development while reducing transaction timelines for mortgage processing.

The announcement represents an expansion of the company’s blockchain capabilities within its core business of senior care infrastructure development.

OFA Group operates through its wholly owned subsidiary, Office for Fine Architecture Limited, providing architectural services, interior design, and AI-driven building code compliance tools.

In other recent news, OFA Group has announced several strategic initiatives aimed at expanding its operations and financial strategies. The company recently launched a $100 million digital asset treasury initiative, appointing Bitwise Asset Management to oversee its crypto asset strategy. This move is part of OFA Group’s broader plan to incorporate cryptocurrency into its balance sheet, aiming to generate yield opportunities and provide working capital for growth. Additionally, OFA Group revealed plans to accept cryptocurrency payments for its architectural services and AI-driven tools, supporting various established cryptocurrencies like Bitcoin and Ethereum.

In another development, OFA Group has signed a Letter of Intent to acquire a 60% controlling interest in Aspire Homes Realty Inc. and its affiliated lending platform, RateDNA, Inc. This acquisition is backed by AlphaX, a private investment and development firm based in Orange County, California. The company recently celebrated its initial public offering with a Nasdaq closing bell ceremony, marking a significant milestone in its corporate journey. These recent developments highlight OFA Group’s efforts to diversify its holdings and explore new revenue streams.

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