Securities dealer Ocree Capital has launched a regulated real estate platform in Canada, giving investors access to tokenized shares of commercial property on the Polymesh blockchain.
The new Ocree platform debuted on March 24 with a $51.9 million commercial real estate listing in Winnipeg, Manitoba. The featured property is a Class “A” multi-residential development with 156 units.
Ocree said $4 million of equity is being offered to investors via fractional shares.
“Investors are not providing debt; they are participating in the equity of the asset,” Ocree CEO Ted Davis told Cointelegraph. “The investors purchase an interest in a limited partnership that invests in the underlying property.”
15 Berwick Court in Winnipeg, Manitoba, is the first commercial property listing on Ocree’s platform. Source: Google Maps
The property was tokenized entirely on Polymesh, a purpose-built blockchain for real-world assets (RWAs). As Cointelegraph reported, Polymesh was selected