Goldman Sachs has partnered with Apex Group and digital asset exchange Archax to tokenize a real estate investment fund, marking a significant step in the tokenization of real-world assets (RWAs). The fund combines blockchain-native issuance with established fund structures, aiming to enhance operational efficiency and transparency while enabling potential future transferability. Infrastructure provider Ownera and real estate investment manager LRC Group are also involved. The fund shares are tokenized using Goldman Sachs' blockchain platform GS DAP, with LRC Group as manager and Archax as custodian. Apex Group provides Alternative Investment Fund Manager services through Fundrock LIS, along with fund administration and depositary services. This initiative underscores growing interest from traditional finance in blockchain-based asset tokenization, particularly in real estate, which has been challenging to scale. Mathew McDermott, global head of digital assets at Goldman Sachs, highlighted the precision and future transferability benefits of issuing blockchain native fund units.

Key facts

• Goldman Sachs, Apex Group, and Archax tokenize a real estate fund using GS DAP.
• The fund combines blockchain-native issuance with traditional fund structures.
• LRC Group manages the fund; Archax serves as custodian and distribution partner.
• Ownera facilitates connectivity between participants and distribution channels.
• Apex Group provides fund administration, depositary, and AIFM services.

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