UAE based Archax to custody Apex Group real estate tokenized fund

Apex Group Ltd (“Apex Group”), a global financial services provider with over $3.5 trillion in assets serviced, has launched a blockchain tokenized real estate fund developed in collaboration with Archax, Goldman Sachs, LRC Group, and Ownera.

Archax, a regulated digital asset platform based in the UAE as well as UK, EU, and USA will be serving as custodian for the regulated digital securities and the first distribution partner.

As per the announcement, 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, and bank account services through EDB for the structure, supporting the issuance, servicing, and ongoing lifecycle management of blockchain native fund units within a regulated framework.

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

The initiative marks a significant step forward in the institutional adoption of tokenized fund structures within the global real estate market.

“Tokenization at institutional scale depends on trusted, regulated infrastructure. Apex Group’s role in this fund reflects growing demand from managers and investors for blockchain native solutions that operate squarely within existing regulatory frameworks. Real estate is a natural starting point, and this structure demonstrates how on chain issuance can be integrated into established fund models without compromising governance or investor protections,” said Agnes Mazurek, Global Head of Digital Assets at Apex Group.

By combining blockchain native issuance with established fund structures, the initiative is designed to enhance operational efficiency and transparency, while enabling potential future transferability and maintaining robust governance and regulatory oversight.

“Issuing blockchain native fund units on GS DAP® enables investment in real estate assets with precision while unlocking more seamless transferability in the future. This collaboration is another step in our journey towards furthering on-chain markets for digital assets,” added Mathew McDermott, Global Head of Digital Assets at Goldman Sachs.