Home Goldman Sachs Teams With Apex, Archax For Tokenized Real Estate Fund

Goldman Sachs Teams With Apex, Archax For Tokenized Real Estate Fund

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Goldman Sachs Teams With Apex, Archax For Tokenized Real Estate Fund
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Investment bank Goldman Sachs has teamed up with fund servicing giant Apex Group and digital asset exchange Archax to tokenize real estate, the firms said.

Infrastructure provider Ownera and real estate investment manager LRC Group are also included in the debut of the blockchain-native real estate fund.

The fund shares are tokenized using GS DAP, Goldman Sachs’ blockchain platform. LRC Group acts as manager and Archax serves as custodian for the regulated digital securities and the first distribution partner. Ownera facilitates connectivity between participants and distribution channels.

Apex Group is providing Alternative Investment Fund Manager services through Fundrock LIS, along with fund administration and depositary services of assets other than financial instruments through Apex Fund Services Luxembourg.

“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, global head of digital assets at Goldman Sachs.

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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