Goldman Sachs teams with Apex, Archax for tokenized real estate fund
Goldman Sachs, Apex Group, and Archax have launched a blockchain-native real estate fund that tokenizes fund shares using Goldman Sachs’ GS DAP platform. LRC Group manages the fund, Archax acts as custodian for the regulated digital securities and the first distribution partner, and Ownera provides connectivity across participants and distribution channels. Apex Group supplies fund administration, depositary, and AIFM services through Fundrock LIS. The structure combines blockchain-based issuance with traditional fund governance and regulation, aiming to improve operational efficiency and transparency while allowing for potential future transferability of the shares. The move targets real-world asset tokenization, an area of growing interest in crypto and traditional finance, though real estate has been difficult to distribute at scale.
