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

On July 27, Mitsubishi UFJ Trust and Banking Corporation, the trust arm of MUFG Bank, acquired a high-rise building in Osaka for over JPY 100.00 billion (approximately $681.00 million), with plans 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. [律动]