Japan’s MUFG Bank Acquires Osaka Skyscraper, Set to Launch Real Estate Tokenization Products
Foresight News reports that the trust division 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). The bank plans to convert the property into digital securities and offer tokenized real estate products to both retail and institutional investors. For institutional clients, the product will be sold to life insurance companies in the form of a private real estate investment trust (REIT).
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