Ocree Capital and the Polymesh Association have launched a Canadian regulated real estate investment platform utilizing blockchain technology.

The platform features a Winnipeg $51.9-million rental-apartment project as its inaugural listing.

The partnership combines Polymesh’s purpose-built blockchain for regulated assets with Ocree’s exempt market dealer (EMD) licenses across all Canadian provinces and territories except Quebec, aiming to transform commercial real estate investment in Canada.

Ocree is a Toronto-based commercial real estate investment company. The firm offers qualified investors direct access to commercial real estate through fractionalized ownership.

By leveraging blockchain technology, Ocree’s platform simplifies property investment, breaking down traditional barriers to entry while maintaining high security, compliance, and transparency standards, said the company. The platform allows accredited investors to access premium commercial real estate opportunities through an intuitive point-and-click interface.

“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.

“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 Ocree service is now live with the inaugural Winnipeg listing. Located at 15 Berwick Court, the project is a professionally managed 156-unit class A multi-residential rent development. Valued at $51.9 million, the listing offers $4 million in equity for investors to purchase fractional ownership through Ocree’s streamlined process.

Davis is also an Avison Young principal and the commercial real estate advisory firm’s chief operating officer for Canada.

Polymesh is a Swiss not-for-profit organization dedicated to the growth of its ecosystem through its blockchain solutions. The association operates a public-permissioned blockchain designed for real-world asset management, streamlining capital markets and enabling new financial products.

“Ocree’s regulatory approach and expertise, combined with Polymesh’s purpose-built blockchain infrastructure, creates a powerful solution for the Canadian market,” said Will Vaz-Jones, head of partnership development at Polymesh.

Cointelegraph reported that Polymesh created digital tokens for the entire Winnipeg property.

Digital tokens are defined as electronic representations of real assets. A blockchain is an online ledger that records and secures a transaction.

The entity commonly known as the blockchain consists of multiple ledgers that move across different computers.

“Investors [in Ocree’s blockchain-based platform] are not providing debt; they a participating in the equity of the asset,” Davis told Cointelegraph. “The investors purchase an interest in a limited partnership that invests in the underlying asset.”

Polymesh was also selected to tokenize a US$2.5-million Colorado church, Cointelegraph reported.

Pictured: Ocree apartment development project in Winnipeg.

Rendering: Ocree Capital