Apex, Archax join Goldman Sachs tokenized real estate fund project

Apex Group has commenced providing fund management services for the LRC Tokenized Real Estate Fund SCSp, SICAV-RAIF, which utilizes Goldman Sachs’ Digital Asset Platform (GS DAP) for share issuance. Launched on April 27, the Luxembourg-domiciled fund represents a collaborative effort involving real estate manager LRC Group, digital asset exchange Archax, and interoperability provider Ownera. The fund leverages GS DAP, which is built on the privacy-focused Canton Network and utilizes the DAML smart contract language to facilitate secure asset lifecycle management. This initiative highlights the increasing institutional momentum toward moving real-world asset funds on-chain while maintaining rigorous regulatory oversight and governance standards. By integrating blockchain-native units, the project aims to enhance investment precision and future transferability for investors across the European Economic Area. The involvement of major financial players like Goldman Sachs and Apex Group underscores a broader industry shift toward institutional-grade infrastructure for tokenized assets. This development is significant for the RWA market as it demonstrates the successful application of distributed ledger technology to complex, regulated real estate investment vehicles.