MUFG Bank of Japan plans to sell tokenized real estate products to investors

July 27th, Mitsubishi UFJ Trust and Banking Corporation, the trust arm of MUFG Bank, acquired a high-rise building in Osaka for over 100 billion yen (approximately $681.00M). The plan is to create digital securities from it 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. [BlockBeats]