Japan's largest bank, MUFG, acquires high-rise building in Osaka, will launch real estate tokenization products for retail investors

On July 27, according to Nikkei, Mitsubishi UFJ Trust and Banking, the trust arm of Japan's largest bank MUFG, acquired a high-rise building in Osaka for over 100 billion yen ($681.00 million), with plans to turn 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. [TechFlow]