A real estate investment fund issued blockchain-native units on Goldman Sachs’ GS DAP platform in June 2026 through a project involving LRC Group, Apex Group, Archax and Ownera. The launch combined tokenized fund records with an established regulated fund structure.
Apex Group’s announcement identified LRC Group as the investment manager. Fundrock LIS, part of Apex, provides alternative investment fund manager services, while other Apex entities handle administration, depositary and bank-account functions.
The fund units are issued on GS DAP, Goldman Sachs’ digital asset platform. Archax acts as custodian for the regulated digital securities and as the first distribution partner. Ownera provides connectivity between participants and distribution channels.
The companies said the structure was intended to improve operational efficiency and transparency and could support more seamless transferability in the future. Those are stated objectives: the announcement did not report lower costs, continuous trading, additional liquidity or returns produced by tokenization.
The project is aimed at a regulated institutional fund structure rather than unrestricted retail ownership of individual properties. Tokenizing the fund units changes how interests can be issued and administered; it does not by itself change the underlying real estate, remove investor eligibility rules or guarantee a broader market for the units.
