Mitsubishi UFJ Financial Group, Japan's largest bank, will provide real estate tokenization services for retail and institutional investors

According to LedgerInsights, Mitsubishi UFJ Trust and Banking, the trust arm of Japan's largest bank, Mitsubishi UFJ Financial Group (MUFG), has spent over 100 billion yen ($681 million) to acquire a high-rise building in Osaka City. The bank plans to use the building to create digital securities and sell tokenized real estate to retail and institutional investors. On the institutional investor side, the building will be sold to a life insurance company as a private real estate investment trust (REIT).