Investment bank Goldman Sachs has partnered with fund services giant Apex Group and digital asset exchange Archax to tokenize real estate, the companies 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.
Real-world asset (RWA) tokenization is all the rage among both 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 issuances with established fund structures, according to a press release, and is “designed to improve operational efficiency and transparency, while allowing for potential future transferability and maintaining robust governance and regulatory oversight.”
The fund’s shares are tokenized using GS DAP, Goldman Sachs’ blockchain platform. LRC Group acts as administrator and Archax acts as custodian of the regulated digital securities and as the first distribution partner. Ownera facilitates connectivity between participants and distribution channels.
Apex Group provides alternative investment fund management services through Fundrock LIS, along with fund administration and asset depository services other than financial instruments through Apex Fund Services Luxembourg.
“The issuance of 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.
