Owns the project asset
Holds the yacht, vessel, first hull or floating asset, alongside its project contracts and project-level obligations.
Ownership & governance guide
Everything is clear before a project moves forward.
Ocean Capital is designed around transparent project ownership, controlled owner decisions and professional operation. This guide explains the model in plain language. The final project documents always define the binding terms.
Request a private briefing01 — The project model
One project asset. One project company. One owner group.
Every Ocean Capital project is ring-fenced. The yacht, vessel, first hull of a newbuild or floating hospitality asset sits in a dedicated project SPV. That SPV has its own project bank account, ownership records, contracts, insurance arrangements, operating plan and reporting. Money, rights and decisions from OC01 do not flow into OC02, OC03, OC04 or OC05.
Ocean Capital is the operating company. It provides the team, brand, technical and commercial process, owner platform and ongoing asset management. It does not pool projects into one fund and it does not promise an outcome. For a newbuild series, Ocean Capital’s wider design, software and sales IP is separate from the first-hull project; any follow-on sales fee is disclosed in the relevant project documents before owner approval.
What you ownYour ownership position is established by the signed project documentation and the official project owner register. A project-specific token may later become the controlled digital representation of that recorded position, once the project’s transition conditions have been met.
Operates the project
Runs the approved mandate: asset management, charter or operating activity, maintenance, reporting and controlled administration.
Approves the mandate
Uses the project DAO to approve the decisions that the project documents reserve for owners.
02 — Becoming an owner
No public checkout. A controlled admission route.
- 01
Review the project
We first establish whether the project, timing and participation route are suitable. You receive the relevant overview; detailed information follows through the controlled project data room.
- 02
Read the project terms
Before any position is allocated, the project materials set out the asset mandate, cost boundary, fee schedule, governance scope, reserve policy, ownership route, use policy, transfer rules and the intended digital transition route.
- 03
Complete conventional closing
Identity and eligibility checks, contract signing and the agreed project-bank settlement process are completed for that specific SPV. A project may have an allocation window or available capacity; no allocation is automatic.
- 04
Record the position
Once all conditions are met, the SPV updates its owner register and owner access becomes available. DAO Light is available under the project rules; token activation comes only after the stated transition conditions are met.
Ocean Capital aims to make participation accessible from any suitable amount. At project-defined smaller allocation levels, a lighter onboarding route may be available where permitted. The available threshold, checks and project terms are confirmed per project, rather than advertised as an unconditional public offer.
03 — Money & open-book operations
Every project has a visible financial operating picture.
Project money is handled at project level. The owner group sees the approved operating plan and budget alongside actual cash movements, invoices, contracts, reserve position, charter activity and material variances. Ocean Capital’s role is to operate the project against the owner-approved mandate and keep the underlying evidence organised.
Open book means owners can follow the logic from a reported number to the supporting project record. It does not mean making security-sensitive yacht data, crew information or private personal data available outside the verified project group.
Visible to verified ownersHow it is controlled
Approved plan & budgetDAO-approved version, decision date and any replacement version are recorded.
Project cash & reserveShown against the dedicated project account and the approved reserve policy.
Costs & invoicesMaterial expenses carry their invoice, contract or supporting record and budget comparison.
Charter & operationsActivity, completed bookings, maintenance status and material operational events are reported without promising a financial result.
Fees & related rolesAll project fees, Ocean Capital roles and any disclosed IP or follow-on sales arrangements are documented before approval.
04 — The digital transition
Start conventionally. Grow into digital ownership infrastructure.
Ocean Capital’s initial project closings are conventional by design: signed project documents, participant checks, an agreed project-bank settlement route and an official SPV owner register. You do not need crypto, a wallet or a token to establish the initial recorded position.
DAO Light begins from day one in the private owner platform. It gives verified owners a controlled proposal, voting and decision-record process under the same project rules. Smart contracts and project tokens are the planned next infrastructure phase, not a promise that they already operate at the first closing.
Conventional ownership
The project documents, settlement route and SPV owner register establish the real-world position.
DAO Light
Verified owners receive proposal packs, defined voting rules and a recorded decision process in the private platform.
Smart contract layer
After the project’s transition checks are complete, tokens can represent recorded positions and support the approved DAO process.
One ownership positionThe project agreements set out the intended transition before closing. Tokens do not create a second ownership system, change the agreed terms or become active without the required legal, security and operational checks. The signed documents and official owner register remain decisive.
05 — Future digital layer
A future digital layer can make activated ownership operations legible and auditable.
A token belongs to one project only. It is not a generic Ocean Capital coin, it is not a public fundraising instrument and it is not a shortcut around legal ownership records. Once formally activated, it can help the approved owner platform identify a recorded position, manage controlled transfers and calculate eligible voting weight at a defined moment.
The smart contract is future infrastructure. It is configured around the project rules, independently audited before a live project relies on it, and supported by clear administration, incident and fallback procedures.
The smart contract records
Permitted digital actions
- Project-specific token supply and authorised assignment.
- Approved account or wallet status.
- Token balance snapshots used for an eligible vote.
- Transfer restrictions and approval status.
- An auditable record of defined digital actions.
The smart contract never replaces
The real-world controls
- The SPV, signed project agreements and owner register.
- Banking controls, accounting review or documented approvals.
- Professional advice, safety management or insurance obligations.
- A guaranteed ability to transfer, sell or realise a value.
- Human judgement when a conflict, exception or emergency occurs.
06 — DAO & operating approvals
DAO Light directs the mandate. Ocean Capital delivers it.
DAO Light is a controlled owner decision process for one project, available in the private platform from the start. It is not an unbounded online vote and it does not operate the yacht day to day. Each eligible proposal has a published scope, supporting documents, voting window, quorum and result. Voting weight follows the eligible recorded project position at the defined snapshot time.
The operating mandate, budget, reserve policy and commercial direction are set out in the project terms before participation. DAO Light does not reopen that entire base plan; it considers material deviations, out-of-budget expenditure or other matters expressly reserved for owner consent. A later smart-contract layer can provide the same approved process with an auditable digital snapshot; it does not enlarge the DAO’s authority. Ocean Capital reports against the mandate. Immediate action remains possible where required for safety, law, insurance or asset protection.
Owner consent is required for
Decisions that change the project
- Choosing between two fully qualified yacht or build candidates.
- Approving or renewing the operating mandate, budget and reserve policy.
- Material changes to asset scope, use, charter strategy or spend.
- Any other matter expressly reserved to the owner group in the project terms.
The operator retains authority for
Decisions that keep the yacht safe
- Captain authority, navigation, crew management and vessel safety.
- Class, insurance, legal and flag-state compliance.
- Day-to-day charter and supplier execution inside the approved mandate.
- Emergency or non-deferrable protective actions, reported transparently afterwards.
07 — Owner use & controlled transfer
Personal access and transfers are policies, not assumptions.
Using the yacht
Ocean Capital projects are designed primarily around the project’s defined commercial mandate, not around guaranteed personal-use days. A project may include an Owner Access Factor once it is operational. That policy can take account of registered ownership, available capacity, charter opportunity cost and direct operating costs.
Any use request remains subject to the approved policy, availability, the captain’s authority and the project’s charter commitments. The project documents will state the precise method before the policy becomes active.
Transferring a position
A token is not freely tradable by default. A proposed transfer follows the project transfer procedure: eligibility checks, required consents, owner-register update and a permitted token reassignment. The smart contract only enables the digital step after that route has been approved.
No project represents that a transfer will be possible at a particular time, price or value. A public marketplace is not part of the first release.
Frequently asked questions
Clear answers before you ask.
Can I become a co-owner or partner?
Ocean Capital brings together partners around one defined yacht project. Your ownership position is established through the project documents and owner register; it does not offer a guaranteed return, value preservation, liquidity or financial outcome.
Can I join with any amount?
Ocean Capital intends to make participation accessible from any suitable amount. The actual allocation depends on the project’s available capacity, documentation, approval process and participant checks. It is not an unconditional public offer.
Do I need crypto or a wallet to join?
No. Initial owner positions are established through conventional project documentation, settlement and the official owner register. Any later verified account or wallet step is part of the project’s stated transition route.
Does the token itself give me legal ownership?
No. Legal ownership is created by the signed project documents and the official owner register. Once activated, the token is the controlled digital representation of that approved recorded position.
Can I sell my token whenever I want?
No. Transfers are restricted and must follow the project procedure. There is no promise of a market, buyer, timing, price or liquidity.
What can DAO Light vote on?
DAO Light votes only on clearly defined, documented owner matters: candidate selection, the operating mandate, budget, reserves, material changes and other expressly reserved decisions. A later smart-contract layer does not enlarge that scope.
Can the DAO tell the captain what to do?
No. Captain authority, safety, navigation, legal compliance, class and insurance remain outside the DAO at all times.
Does Ocean Capital need approval to operate the yacht?
Ocean Capital works inside the owner-approved operating mandate. DAO Light records the defined owner decision process from the start; material deviations require the defined owner approval process unless urgent safety, legal, insurance or asset-protection action is required.
What does “open book” actually mean?
Verified owners see the project plan, budget, actual cash and reserve position, supporting cost evidence, material contracts, operating reports and variance explanations, subject to sensible privacy and security controls.
Will I be able to use the yacht?
Owner use is not guaranteed. If a project activates an Owner Access Factor, requests are assessed under the approved policy, project availability, charter conflict, direct costs and captain authority.
How are Ocean Capital’s fees handled?
The fee schedule, operating roles and any project-specific IP or follow-on sales arrangements are disclosed in the project documentation and open-book reporting before the relevant approval.
Which country’s law and structure apply?
The precise SPV, flag-state, registry and legal route are selected per project and confirmed in that project’s final documents. Ocean Capital does not assume one country’s structure for every yacht.
What happens if a serious issue arises?
Ocean Capital and the captain take the necessary action to protect people, the yacht and legal compliance. The owner group receives a transparent report and any follow-up decision required by the project terms.
Next step
See the documents behind a specific project.
A private briefing starts with the project you are interested in and explains its route without creating a reservation or participation right.