Polymesh Association and Ocree Capital Inc. have introduced a blockchain-powered real estate investment platform in Canada, featuring a $51.9 million commercial property as its first listed asset. The collaboration combines Polymesh’s blockchain infrastructure, designed for regulated assets, with Ocree’s exempt market dealer (EMD) licenses, covering all provinces and territories except Quebec. The initiative aims to broaden access to commercial real estate investments.
Ocree’s platform, built on the Polymesh blockchain, facilitates fractional ownership of high-value commercial properties. The system allows accredited investors to participate through a streamlined digital process, removing barriers traditionally associated with real estate investments. By integrating blockchain technology, the platform enhances security, compliance, and transaction efficiency.
“Our goal at Ocree is to provide investors with simplified access to institutional-grade real estate while maintaining stringent compliance and security standards,” said Ted Davis, CEO of Ocree Capital Inc. “Polymesh’s infrastructure enables us to create a transparent and efficient investment ecosystem.”
The platform’s first offering is a commercial property in Winnipeg, Manitoba, valued at $51.9 million, with $4 million in equity available for fractional ownership. The property, located at 15 Berwick Court, is a professionally managed, 156-unit Class ‘A’ multi-residential development, designed to meet growing demand for sustainable, high-end housing.
“We’re excited to partner with Ocree Capital on this initiative, demonstrating how blockchain can improve transparency and accessibility in real estate markets,” said Will Vaz-Jones, Head of Partnership Development at the Polymesh Association. “Ocree’s regulatory expertise, combined with Polymesh’s blockchain infrastructure, presents a compelling solution for real estate investment in Canada.”
Developed in collaboration with industry professionals, the Ocree platform incorporates decades of real estate expertise to enhance the investment experience for property owners and investors. With further expansion anticipated, this initiative signals a shift toward digital transformation in real estate investment.
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By Proptechbuzz
By Ravi Kumar
