Goldman Sachs Launches Tokenized Real Estate Fund in Partnership with Apex and Archax

Odaily reported that Goldman Sachs has partnered with fund services giant Apex Group and digital asset exchange Archax to launch a tokenized real estate fund. This fund combines blockchain-native issuance with established fund structures, utilizing Goldman Sachs' blockchain platform GS DAP to tokenize its fund shares. Infrastructure provider Ownera and real estate investment management firm LRC Group also participated in the fund's debut.

LRC Group serves as the fund's manager, Archax acts as the custodian and first distribution partner, while Ownera is responsible for connecting participants with distribution channels. Apex Group provides alternative investment fund management services through Fundrock LIS and asset management and custody services via Apex Fund Services Luxembourg. (coindesk)