Japan's MUFG Bank plans to sell tokenized real estate products to investors

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On July 27, MUFG Bank's trust department, Mitsubishi UFJ Trust and Banking Corporation, acquired a high-rise building in Osaka for over 100 billion yen (approximately $681 million), with plans to create digital securities and sell tokenized real estate products to retail and institutional investors. The product will be sold to life insurance companies on the institutional side in the form of a private real estate investment trust (REIT).

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