Japan's MUFG Bank acquires Osaka high-rise building and will launch real estate tokenization products

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

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