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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
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Mitsubishi UFJ Bank plans to digitize 100 billion yen in commercial real estate and promote tokenization REIT products.
[Block Rhythm] On July 27, Japan's MUFG Bank's trust department, Mitsubishi UFJ Trust and Banking Corporation, acquired a high-rise building in Osaka for over 100 billion yen (approximately 681 million USD), planning to create digital securities from it and sell tokenized real estate products to retail and institutional investors. The product will be sold on the institutional side in the form of a private real estate investment trust (REIT) to life insurance companies.