What is the Goldman Sachs tokenised real estate fund project?

The project is a tokenised real estate investment fund developed by Goldman Sachs, Apex Group, Archax, LRC Group and Ownera. Fund shares are issued as blockchain-based digital tokens using Goldman Sachs' Digital Asset Platform (GS DAP).

Why is this tokenised real estate fund significant?

The initiative demonstrates how major financial institutions are moving real-world assets onto blockchain infrastructure. It also highlights growing institutional adoption of tokenisation as a way to modernise investment products while maintaining regulatory oversight.

What role does Apex Group play in the project?

Apex Group is providing fund administration and management services for the tokenised real estate fund. The company views the project as part of the broader shift toward blockchain-native financial infrastructure.

What is Goldman Sachs' GS DAP platform?

Goldman Sachs Digital Asset Platform (GS DAP) is a blockchain-based system that supports the issuance, settlement, custody and transfer of digital assets. It was launched in 2022 and is built on the Canton Network.

How does tokenisation work in this real estate fund?

Instead of issuing traditional fund units, the fund issues digital tokens that represent ownership interests. These blockchain-native units can potentially improve efficiency, transparency and transferability while preserving existing legal and regulatory structures.

Who manages and distributes the fund?

LRC Group manages the underlying real estate investments, while Archax acts as custodian and initial distribution partner. Ownera provides the interoperability infrastructure connecting participants.

What is the Canton Network?

Canton Network is a blockchain infrastructure designed for regulated financial institutions. It focuses on privacy, compliance and interoperability for institutional digital asset applications.

Why are banks interested in tokenised real-world assets?

Tokenisation can reduce operational friction, improve settlement efficiency and enable more flexible ownership structures. Financial institutions see the technology as a way to modernise traditional capital markets without abandoning existing regulatory frameworks.

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Goldman Sachs expands tokenised real estate push

Written by Isaac FrancisPublished Jun. 5 2026Last Updated Jun. 5 2026

Apex Group is providing fund administration services for a tokenised real estate fund whose shares are being issued on Goldman Sachs Digital Asset Platform (GS DAP), underscoring growing institutional interest in blockchain-based investment products.

The fund was developed through a collaboration involving Goldman Sachs, digital asset exchange Archax, real estate investment manager LRC Group and interoperability provider Ownera.

“Tokenisation at institutional scale depends on trusted, regulated infrastructure,”

Said Agnes Mazurek, Apex Group’s global head of digital assets.

The project aims to move real-world asset investments onchain while maintaining traditional governance standards, investor servicing and regulatory oversight that institutional investors expect.

Fund units are being issued as blockchain-native digital tokens through GS DAP, Goldman Sachs’ tokenisation platform built on the Canton Network and Digital Asset’s DAML smart contract framework.

“Issuing blockchain native fund units on GS DAP enables investment in real estate assets with precision while unlocking more seamless transferability in the future,”

Said Mathew McDermott, Goldman Sachs’ global head of digital assets.

Under the structure, LRC Group manages the real estate investments, Archax serves as custodian and distribution partner, while Ownera provides the interoperability layer connecting issuers, custodians and distribution networks.

The initiative adds real estate to a growing list of tokenised institutional assets, joining money-market funds, private funds and collateral networks as major financial institutions increasingly adopt blockchain infrastructure to modernise traditional capital markets.