Investment bank Goldman Sachs has partnered with fund services giant Apex Group and digital asset exchange Archax to tokenize real estate, the companies announced Thursday.
Infrastructure provider Ownera and real estate investment manager LRC Group are also included in the blockchain-native real estate fund’s debut.
Tokenization of real-world assets (RWA) is all the rage among crypto-native companies and traditional financial players, but real estate has so far proven elusive as an asset class, at least in terms of scalable distribution.
The fund combines native blockchain issuance with established fund structures, according to a press release, and is “designed to improve operational efficiency and transparency, while enabling potential future transferability and maintaining strong governance and regulatory oversight.”
The fund’s shares are tokenized using GS DAP, Goldman Sachs’ blockchain platform. LRC Group acts as manager and Archax serves as custodian of regulated digital securities and premier distribution partner. Ownera facilitates connectivity between participants and distribution channels.
Apex Group provides alternative investment fund management services through Fundrock LIS, as well as fund administration and custody services for assets other than financial instruments through Apex Fund Services Luxembourg.
“Issuing blockchain-native fund units on GS DAP enables investment in real estate assets with precision while opening up more seamless transferability in the future,” said Mathew McDermott, global head of digital assets at Goldman Sachs.
