Street Calls of the Week
Investing.com -- OFA Group, Inc. (NASDAQ:OFAL) stock surged 20.3% in premarket trading Thursday after the company announced plans to develop a Real Estate Equity and Mortgage Assets RWA (Real World Assets) Platform using AI and Web3 technology.
The platform aims to create a digital marketplace where real estate equity and mortgage-backed assets can be tokenized, fractionalized, and traded securely on blockchain technology. OFA is partnering with Blockchain App Factory to develop the platform, with a Minimum Viable Product expected within four months.
According to the announcement, the platform will feature tokenization of real estate assets through Special Purpose Vehicles, institutional-grade onboarding with KYC/AML compliance, AI-powered valuation tools, and 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.
The company also revealed plans to establish a $100 million diversified cryptocurrency treasury, initially focused on Bitcoin and Ethereum investments, with plans to expand into other digital assets, Web3 infrastructure projects, and premium global equities aligned with the company’s growth strategy.
The initiative positions OFA to participate in the growing trend of tokenizing real-world assets on blockchain networks, which aims to increase liquidity and accessibility for traditionally illiquid investments like real estate.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.