Goldman Sachs has joined forces with Apex Group, Archax, Ownera, and LRC Group to launch a blockchain-native real estate fund that issues tokenized ownership units on its GS DAP digital asset platform. The announcement, made on Thursday, marks another significant step by traditional financial institutions into the tokenized property market, which has seen accelerating adoption globally.
The fund combines conventional fund governance, administration, and regulatory oversight with on-chain issuance of shares. LRC Group serves as the fund manager overseeing real estate assets, while Archax—a regulated digital asset exchange—acts as custodian and first distribution partner for the digital securities. Apex Group provides Alternative Investment Fund Manager services through Fundrock LIS, along with fund administration and depositary services in Luxembourg. Ownera connects market participants and distribution channels across blockchain networks.
Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, said that issuing blockchain native fund units on GS DAP “enables investment in real estate assets with greater precision” and unlocks “more seamless transferability in the future.” The structure keeps traditional compliance standards intact while leveraging blockchain for transparency and operational efficiency.
The launch comes amid growing institutional and regulatory momentum for real-world asset tokenization. Dubai recently reported nearly $400 million in tokenized real estate sales in May 2025, representing 17.4% of all property transactions that month. Additionally, Blocksquare surpassed $200 million in tokenized assets, and total value locked in tokenized real-world assets exceeded $65 billion after an 800% increase during 2025. The fund’s debut on GS DAP underscores how established financial players are moving tokenized real estate from experimentation to regulated, scalable investment structures.
