
Goldman Sachs, Apex Group, Archax, LRC Group, and Ownera are now part of a regulated blockchain investment project with the launch of the new tokenized real estate fund. The structure links real estate fund units with on-chain issuance while keeping existing compliance standards in place.
According to the announcement, the fund’s mission is to merge the world of real estate investing with blockchain technology. Fund units will be issued and managed on-chain via Goldman Sachs’ GS DAP platform.
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Apex Group Supports Regulated Fund Services
Apex Group is going to provide the tokenized real estate fund with a variety of regulated services. Its subsidiaries will be responsible for fund administration, depositary, banking, and alternative investment fund manager services.
LRC Group will act as the investment manager for the project. Archax will provide custodian and distribution services; Ownera will provide interoperability infrastructure for participants and distribution channels.
The partners stated that the structure will help in the optimization and transparency of operations. They also stated it would enable fund units to be transferable in the future without compromising governance and investor protection.
Agnes Mazurek, Global Head of Digital Assets, Apex Group, stated that institutional tokenization requires trusted and regulated infrastructure. She also said that real estate is one of the most viable sectors to demonstrate the possibility of blockchain-native issuance within established fund structures.
The tokenized real estate fund is also the latest addition to Goldman Sachs’ efforts in the digital assets space. Goldman Sachs’ Global Head of Digital Assets, Mathew McDermott, stated that GS DAP can streamline how real estate investments are managed.
Future on-chain transferability may also be achieved via blockchain-native fund units, McDermott said. The partnership is another milestone in Goldman Sachs’ strategy to build on-chain markets for digital assets, he said.
Tokenized Real Estate Fund Expands GS DAP Use
The project is not the first tokenization effort among the companies. In March 2026, Apex Group partnered with Polygon Labs to roll out the T-REX Ledger.

That platform was created as a compliance-centric blockchain infrastructure. It was created to integrate regulatory requirements into cross-chain asset transfers and assist institutions in managing tokenized assets across jurisdictions.
Goldman Sachs has also been ramping up its blockchain plan with other fund products. In July 2025, the bank announced a partnership with BNY Mellon to launch tokenized money market funds on GS DAP.
That project enabled the fund ownership records to be stored on the blockchain. It was backed by major asset managers such as BlackRock, Federated Hermes, and Fidelity Investments.
It’s a new tokenized real estate fund, illustrating how real-world assets are now reaching into regulated investment vehicles. It also demonstrates how traditional finance companies are applying blockchain to issuance, custody, administration, and recordkeeping.
The tokenized real estate fund is part of a larger trend in the tokenization of real-world assets on the blockchain. It demonstrates the viability of on-chain systems in regulated finance, maintaining oversight, compliance, and safeguarding investors.
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