Goldman Sachs Launches Tokenized Real Estate Fund With Apex, Archax, and Partners

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Goldman Sachs has launched a blockchain-native real estate fund in partnership with Apex Group, Archax, LRC Group, and Ownera, placing fund shares directly on-chain. The fund uses GS DAP, Goldman Sachs' blockchain platform, with Apex providing fund administration and Alternative Investment Fund Manager services, Archax serving as custodian for digital securities, and Ownera handling interoperability infrastructure. The structure pairs on-chain issuance with established regulatory frameworks, designed to improve operational efficiency while preserving governance oversight. Real estate tokenization follows the broader tokenized real-world assets market, which surpassed $25 billion earlier this year.
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