Investment bank Goldman Sachs has teamed up with fund servicing giant Apex Group and digital asset exchange Archax to tokenize real estate, the firms said on Thursday.
Infrastructure provider Ownera and real estate investment manager LRC Group are also included in the debut of the blockchain-native real estate fund.
The tokenization of real-world assets (RWAs) is all the rage among crypto native firms and traditional finance players alike, but real estate has so far proved elusive as an asset class, at least in terms of scalable distribution.
The fund combines blockchain-native issuance with established fund structures, according to a press release, and is “designed to enhance operational efficiency and transparency, while enabling potential future transferability and maintaining robust governance and regulatory oversight.”
The fund shares are tokenized using GS DAP, Goldman Sachs’ blockchain platform. LRC Group acts as manager and Archax serves as custodian for the regulated digital securities and the first distribution partner. Ownera facilitates connectivity between participants and distribution channels.
Apex Group is providing Alternative Investment Fund Manager services through Fundrock LIS, along with fund administration and depositary services of 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 unlocking more seamless transferability in the future,” said Mathew McDermott, global head of digital assets at Goldman Sachs.
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