Japan's largest bank, Mitsubishi UFJ Financial Group, will provide real estate tokenization services for retail and institutional investors

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PANews news on July 27, according to LedgerInsights, the trust department of Japan's largest bank, Mitsubishi UFJ Financial Group (MUFG), Mitsubishi UFJ Trust and Banking, has spent over 100 billion yen (681 million US dollars) to acquire a high-rise building in Osaka. The bank plans to use the building to create digital securities and sell tokenized real estate to retail and institutional investors. For institutional investors, the building will be sold to life insurance companies as a private real estate investment trust (REIT).

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