Overview
- A joint announcement Thursday said Goldman Sachs and partners have launched a blockchain-native real estate fund that issues ownership units on Goldman’s GS DAP distributed ledger.
- The fund uses a conventional Luxembourg alternative investment fund wrapper with Apex’s Fundrock LIS acting as the regulated AIFM and Apex entities providing administration, depositary services and banking.
- LRC Group will manage the property portfolio, Archax will custody the regulated digital securities and serve as the first distributor, and Ownera will provide connectivity between platforms and distribution channels.
- Goldman and partners say on-chain issuance will improve operational efficiency and transparency by recording unit ownership on a ledger while keeping standard legal, governance and compliance controls.
- The launch adds to growing institutional interest in tokenized real estate after recent activity in markets such as Dubai, though the partners have not disclosed the fund’s size or specific assets.