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Japan's MUFG Bank Plans to Sell Tokenized Real Estate Products to Investors

Summary: According to reports, Mitsubishi UFJ Trust and Banking, a trust department of Japan's MUFG Bank, has acquired a high-rise building in Osaka for over 100 billion yen (approximately $6.81 billion) with plans to tokenize it and sell tokenized real estate products to retail and institutional investors. The product will be sold to life insurance companies ...

According to reports, Mitsubishi UFJ Trust and Banking, a trust department of Japan's MUFG Bank, has acquired a high-rise building in Osaka for over 100 billion yen (approximately $6.81 billion) with plans to tokenize 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 private real estate investment trusts (REITs) on the institutional side.

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