Apex, Archax join Goldman Sachs tokenized real estate fund project

Apex Group is providing fund management services for a tokenized real estate fund whose shares are being issued on Goldman Sachs' Digital Asset Platform, GS DAP. The fund was developed with Goldman Sachs, digital asset exchange Archax, real estate investment manager LRC Group and interoperability provider Ownera, Apex said Thursday.

"Tokenization at institutional scale depends on trusted, regulated infrastructure," Apex Group's global head of digital assets, Agnes Mazurek, said, adding that its participation reflects growing demand from managers and investors for blockchain-native solutions.

The project reflects a growing push by banks, fund administrators and regulated digital asset companies to move real-world asset funds onchain while preserving familiar governance, investor servicing and regulatory oversight. The TradFi crowd, naturally, is calling this progress.

Tokenized units issued via GS DAP — The fund's shares are issued as digital tokens using Goldman Sachs' Digital Asset Platform (GS DAP), a blockchain-based platform facilitating the issuance, settlement, custody and transfer of digital assets. Launched in 2022, GS DAP is built on top of the privacy-focused Canton Network and Digital Asset's smart contract language DAML.

"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 Mc