Japan's largest bank MUFG acquires Osaka high-rise building and will launch real estate tokenization products


 trust department of Japan's largest bank MUFG, Mitsubishi UFJ Trust Bank, has acquired a high-rise building in Osaka for over 100 billion yen (681 million U.S. dollars), 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 on the institutional side in the form of private real estate investment trusts (REITs).