$10M Singaporean residential property tokenized by Polymesh, PrimeQuest Realty

Canadian Commercial Property Tokenized on Polymesh

In a groundbreaking move, OCREE Capital, a Canadian real estate investment firm, has successfully tokenized a commercial property on Polymesh, a decentralized platform for issuing and trading digital assets.

The tokenized property, located in the heart of Toronto, is a 10,000-square-foot office building valued at CAD 5 million. By tokenizing the property, OCREE Capital has created a digital representation of the asset, allowing for fractional ownership and trading on the Polymesh platform.

This innovative move marks a significant milestone in the development of the real estate tokenization market in Canada. Tokenization enables property owners to unlock new capital sources, providing a more efficient and accessible way to raise funds for property development and investment.

"We are thrilled to be the first Canadian commercial property owner to tokenize our asset on Polymesh," said OCREE Capital's CEO, [Name]. "This move not only opens up new investment opportunities but also provides a more transparent and efficient way to manage our property portfolio."

The tokenization process was facilitated by Polymesh, which provided the necessary infrastructure and expertise to ensure a seamless and secure transaction. The tokenized property is now listed on the Polymesh platform, where it can be traded and owned by investors.

The success of this project is expected to pave the way for further adoption of tokenization in the Canadian real estate market, with many industry experts predicting a significant increase in demand for tokenized assets in the coming years.

As the real estate tokenization market continues to grow, Polymesh is well-positioned to play a leading role in facilitating these transactions, providing a secure and efficient platform for buyers and sellers to connect.