Key facts
- Goldman Sachs launched a blockchain-based real estate fund with Apex Group and Archax.
- The fund uses Goldman Sachs' GS DAP platform for tokenized unit issuance.
- LRC Group manages the real estate assets within the fund.
- Archax provides custody and distribution for the digital securities.
- Apex Group offers fund management, administration, and depositary services.
Goldman Sachs has launched a blockchain-based real estate fund in collaboration with Apex Group and Archax. This initiative utilizes Goldman Sachs' GS DAP platform for the issuance of tokenized fund units, integrating blockchain native issuance with established fund structures and regulatory oversight. LRC Group will manage the underlying real estate assets, while Archax will serve as the custodian and initial distribution partner for the digital securities. Apex Group is providing comprehensive fund management, administration, and depositary services through its entities in Luxembourg. The structure aims to enhance operational efficiency, transparency, and future transferability of fund units, addressing past distribution challenges in real estate tokenization by maintaining compliance standards within a regulated framework.