Japan's Mitsubishi UFJ Financial Group to Provide Real Estate Tokenization Services

This article is machine translated
Show original

According to LedgerInsights reported by Techub News, the trust division of Japan's largest bank, Mitsubishi UFJ Financial Group (MUFG), Mitsubishi UFJ Trust and Banking, has acquired a high-rise building in Osaka for 100 billion yen. The bank plans to create digital securities using the building 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).

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments