Apex Group, Acas, LRC Group and Ownera are joining a tokenised real estate fund project that uses Goldman Sachs' digital asset platform, GS DAP.

A recent Cointelegraph report said Apex Group will provide fund administration services.

The fund is structured to issue interests in a real estate fund as digital tokens. Goldman Sachs will provide GS DAP, and LRC Group will manage the fund. Acas will serve as custodian and an initial distribution partner. Ownera will provide an interoperability layer linking the issuer, the custodian and distribution channels.

GS DAP, launched in 2022, is a blockchain-based platform that supports digital asset issuance, settlement, custody and transfers. It was built on the privacy-focused Canton Network and Digital Asset's smart contract language, DAML.

Apex Group said the project reflects a push to move real-world asset funds on-chain while maintaining existing governance, investor services and regulatory oversight frameworks. Agnes Mazuerek (아그네스 마주렉), global head of digital assets at Apex Group, said institutional-scale tokenisation requires trusted, compliant infrastructure.

Matthew McDermott (매슈 맥더모트), global head of digital assets at Goldman Sachs and a board member at Digital Asset, said issuing blockchain-based fund interests on GS DAP can improve the precision of real estate asset investment and could make future transfers smoother.

Apex Group launched a tokenised bitcoin yield fund in March with U.S. cryptocurrency exchange Coinbase on Base blockchain. JPMorgan is also expanding payments, collateral and asset tokenisation infrastructure through Kinexys.