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

Internet reports that Mitsubishi UFJ Trust Bank, the trust arm of Japan's largest bank MUFG, acquired a high-rise building in Osaka for more than 100 billion yen (US$681 million) and plans to turn it into digital securities to sell tokenized real estate products to retail and institutional investors. The product will be sold to life insurance companies on the institutional side as a private real estate investment trust (REIT).

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