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TechFlow, July 27 — According to Nikkei, Mitsubishi UFJ Trust Bank, the trust arm of Japan's largest bank MUFG, has acquired a high-rise building in Osaka City for over 100 billion yen (681 million USD) and plans to tokenize it, offering tokenized real estate products to both retail and institutional investors. The product will be offered to life insurance companies as a private real estate investment trust (REIT) on the institutional side.
According to Nikkei, Mitsubishi UFJ Trust Bank, the trust division of Japan's largest bank MUFG, has acquired a high-rise building in Osaka City for over 100 billion yen (681 million USD) and plans to tokenize it, offering tokenized real estate products to retail and institutional investors. The product will be offered to life insurance companies on the institutional side as a private real estate investment trust (REIT).
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