This week, the Polymesh Association and Ocree Capital announced the launch of a Canadian-regulated real estate platform utilizing blockchain, featuring a $51.9 million commercial real estate property as its inaugural listing. This strategic partnership brings together Polymesh’s purpose-built blockchain for regulated assets with Ocree’s exempt market dealer (EMD) licenses in all provinces and territories of Canada, except Quebec, to transform how Canadians invest in commercial real estate.
The Ocree platform, built exclusively on the Polymesh blockchain, enables fractional ownership of premium commercial properties through a user-friendly “point and click” interface. Its simplified approach to property fractionalization enables accredited investors to access an asset class traditionally limited to institutional investors and industry professionals.
“Our mission at Ocree is to unlock possibilities in commercial real estate investing by removing traditional barriers to entry while maintaining the highest standards of security, compliance, and transparency,” said Ted Davis, CEO of Ocree Capital. “By building on Polymesh’s institutional-grade public permissioned blockchain, we’ve created a platform that benefits both property owners seeking liquidity and investors looking for access to premium real estate opportunities.”
The platform is now live with its inaugural listing – the $51.9 million commercial property in Winnipeg, Manitoba – with $4 million of equity being offered for investors to purchase fractional ownership through Ocree’s streamlined process. The first listing is 15 Berwick Ct., a professionally managed 156-unit Class “A” multi-residential development.
“We’re proud to collaborate with Ocree Capital on this milestone initiative exemplifying how blockchain can bring greater access, transparency, and efficiency to real estate markets,” said Will Vaz-Jones, head of partnership development at the Polymesh Association. “Ocree’s regulatory approach and expertise, combined with Polymesh’s purpose-built blockchain infrastructure, creates a powerful solution for the Canadian market.”
The Ocree platform was developed in collaboration with industry veterans from leading real estate organizations, leveraging decades of commercial real estate expertise to cultivate the best experience for asset owners and real estate investors looking to engage in blockchain-based investments.