Japan’s Largest Bank MUFG Acquires Osaka Skyscraper, Set to Launch Real Estate Tokenization Products

According to Jinse Finance, the trust division of Japan’s largest bank, MUFG, Mitsubishi UFJ Trust and Banking Corporation, has acquired a high-rise building in Osaka for over 100 billion yen (681 million USD). The bank plans to turn the property into digital securities and offer tokenized real estate products to both retail and institutional investors. On the institutional side, the product will be sold to life insurance companies in the form of a private real estate investment trust (REIT).