Apex, Archax join Goldman Sachs tokenized real estate fund project

Apex Group has launched the LRC Tokenized Real Estate Fund SCSp, SICAV-RAIF, utilizing Goldman Sachs’ Digital Asset Platform (GS DAP) to issue fund shares as digital tokens. This initiative, which officially launched on April 27, involves a collaboration between LRC Group as the investment manager, Archax as the custodian and distribution partner, and Ownera providing the interoperability layer. The fund is domiciled in Luxembourg and distributed across the European Economic Area, marking a significant step in moving real-world real estate assets on-chain. By leveraging GS DAP, which is built on the privacy-focused Canton Network, the project aims to maintain institutional-grade governance and regulatory oversight while enhancing asset transferability. This development highlights the increasing institutional demand for blockchain-native fund solutions that integrate traditional financial infrastructure with digital asset technology. The move follows Apex Group's previous foray into tokenization, including a Bitcoin yield fund on the Base blockchain, signaling a broader trend of major financial institutions adopting distributed ledger technology. Ultimately, this project demonstrates how established fund administrators and banks are successfully bridging the gap between legacy real estate investment and modern, programmable digital securities.