Blockchain Real Estate
Goldman Sachs Pioneers Tokenized Real Estate Fund with Blockchain for Institutional Investors
Anonymous
Goldman Sachs is launching a blockchain-based, tokenized real estate fund in partnership with Apex Group, Archax, Ownera, and LRC Group, aiming to bring more institutional participation to a real estate market that has been slow to adopt real-world asset tokenization. The structure combines blockchain-native issuance with traditional, regulated fund frameworks, with Apex Group providing alternative investment fund manager services, administration, and depositary support through its established Luxembourg and Fundrock LIS offerings. Fund shares will be tokenized on Goldman Sachs’ GS DAP platform, while LRC Group serves as fund manager, Archax acts as custodian and initial distribution partner, and Ownera provides interoperability connectivity between market participants and distribution channels. Goldman says the design is intended to improve operational efficiency and transparency, preserve regulatory oversight and investor protections, and enable the possibility of smoother future transferability of fund interests. The project reflects broader industry momentum among major financial institutions testing tokenized products, though real estate poses unique distribution, liquidity, and valuation challenges. Overall, the launch is positioned as an effort to demonstrate that on-chain fund issuance can be integrated into existing governance models without abandoning compliance requirements.
Key Points
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Apex Group said the initiative reflects demand for “blockchain native solutions that operate squarely within existing regulatory frameworks,” adding that “Tokenization at institutional scale depends on trusted, regulated infrastructure.”
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Apex Group’s announced responsibilities extend beyond AIFM services and administration/depositary work: it also provides “bank account services through EDB for the structure,” supporting the fund’s onboarding and ongoing lifecycle.
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Archax is described as a UK-based digital asset exchange regulated by the Financial Conduct Authority (FCA), and it is positioned as providing a platform for “secondary trading of the tokenized shares.”
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Goldman’s Mathew McDermott said issuing a blockchain-based fund on GS DAP would allow for “more precise investment in real estate assets,” and would also enable “smoother asset transfers in the future.”
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