The Polymesh Association and Ocree Capital Inc. have partnered to launch a Canadian regulated real estate platform utilizing blockchain, with a $51.9 million commercial real estate property as its inaugural listing.
According to the partnering entities, the Ocree platform is built exclusively on the Polymesh blockchain and enables fractional ownership of premium commercial properties through a user-friendly “point and click” interface, with the goal of enabling accredited investors to access an asset class traditionally limited to institutional investors and industry professionals.
The inaugural listing is a 156-unit Class A multifamily development in Winnipeg with $4 million of equity being offered for investors to purchase fractional ownership through Ocree’s streamlined process.
“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 Inc. “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.”
“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.”
Photo: 15 Berwick Court in Winnipeg, the listed property; courtesy of Zillow
