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Japanese MUFG Bank is planning to sell tokenized real estate products to investors
BlockBeats News, July 27th, Mitsubishi UFJ Trust and Banking Corporation, the trust banking arm of Japan's MUFG Bank, has acquired a high-rise building in Osaka City for over 100 billion yen (approximately 6.81 billion USD). The trust bank plans to tokenize the building and sell the digital securities to retail and institutional investors. The product will be offered to institutional investors in the form of a private real estate investment trust (REIT) to life insurance companies.
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