Ocree Capital has introduced a regulated real estate platform in Canada, enabling investors to access tokenized shares of commercial properties through the Polymesh blockchain.
The platform launched on March 24, featuring a $51.9 million commercial real estate listing in Winnipeg, Manitoba. This property is a Class “A” multi-residential development comprising 156 units.
The company is offering $4 million in equity to investors via fractional shares.
“Investors are not lending money; they are engaging in the equity of the asset,” stated Ocree CEO Ted Davis. “Investors acquire an interest in a limited partnership that invests in the underlying property.”
15 Berwick Court in Winnipeg, Manitoba, is the inaugural commercial property listed on Ocree’s platform.
This property has been fully tokenized on Polymesh, a specialized blockchain designed for real-world assets. Last summer, Polymesh was also chosen to tokenize a $2.5 million church in Colorado.
“By utilizing Polymesh’s institutional-grade public permissioned blockchain, we’ve established a platform that serves both property owners seeking liquidity and investors interested in premium real estate opportunities,” Davis added.
Ocree operates as an exempt market dealer registered with the Ontario Securities Commission, holding licenses across all Canadian provinces and territories, with Quebec being the exception. This status permits Ocree to distribute properties to accredited and qualified investors.
“The registration process took nearly a year, involving extensive discussions with the Ontario Securities Commission throughout,” Davis noted.
Related: Dubai Land Department initiates a project for real estate tokenization
The Rise of Tokenization
Tokenization, the transformation of real-world assets for representation on a blockchain, has significantly impacted traditional finance in recent years.
Major financial institutions like JPMorgan Chase, UBS, Citibank, HSBC, and BlackRock have expressed their plans to offer tokenized products and services. In Canada, companies such as Atlas One, Taurus, and Polymath are also emerging, providing institutional-grade platforms for real-world asset tokenization.
Tokenization process from deal structuring to secondary market trading.
The shift toward tokenization by large banks can be attributed to its potential to enhance liquidity and facilitate seamless connections between buyers and sellers, addressing numerous inefficiencies within traditional finance, as noted by Matthew Burgoyne, a partner at a Canadian business law firm. He explained:
“Financial transactions, particularly those that are cross-border, often face delays due to the numerous intermediaries involved, especially during execution and settlement. Conversely, the distributed and transparent nature of token-backed ledgers supports near-instant settlement at a lower cost compared to conventional finance.”
For these reasons, tokenized securities could evolve into a multitrillion-dollar market by 2030, according to industry analysts.
The market for tokenized properties remains small compared to other tokenization trends.
Excluding stablecoins, the total on-chain value of real-world assets has reached $31.3 billion, showing a 94% increase over the past month.
Related: Policies from the Trump era may drive the surge in tokenized real-world assets