Goldman Sachs Partners with Apex and Archax to Launch Tokenized Real Estate Fund

Odaily Planet Daily News: Goldman Sachs has partnered with fund services giant Apex Group and digital asset exchange Archax to launch a tokenized real estate fund. The fund combines blockchain-native issuance with an established fund structure, 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 custodian and the 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 offers asset management and depositary services via Apex Fund Services Luxembourg. (coindesk)