Apex Group has partnered with Goldman Sachs, LRC Group, Ownera and digital exchange Archax to launch a blockchain-native real estate fund in Luxembourg. Fund shares will be issued onchain via GS DAP, Goldman Sachs’ institutional blockchain platform.
Goldman Sachs, Apex Group Start Tokenized Real Estate Fund in Luxembourg
4 June 2026 - 15:00 CEST
By Isabelle Castro
Apex Group, which administers more than $3.5tn in assets globally, is providing alternative investment fund manager (AIFM) services through Fundrock LIS and fund administration through Apex Fund Services Luxembourg.
Natural starting point
"Tokenization at institutional scale depends on trusted, regulated infrastructure," said Agnes Mazurek, global head of digital assets at Apex. "Real estate is a natural starting point, and this structure demonstrates how onchain issuance can be integrated into established fund models without compromising governance or investor protections."
Mathew McDermott, global head of digital assets at Goldman Sachs, added that the approach improves efficiency and transparency while enabling greater transferability in the future.
Greater transferability
The launch comes as institutional interest in tokenized real-world assets (RWAs) continues to accelerate. The Tokenization 2030 report by Citi Institute projects the global tokenized asset market will reach $5.5tn by 2030, up significantly from around $17bn currently. At the same time, other major players have a more conservative outlook, such as State Street, which gave a top-end figure in the region of $3.7tn in its 'The Stablecoin Moment' report in August 2025.
BlackRock’s BUIDL fund, which holds tokenized US Treasuries, reached approximately $1.9bn by the end of 2025.
Real estate has long been viewed as one of the most promising asset classes for tokenization due to its high value, traditional illiquidity and strong demand for fractional ownership.
