According to Foresight News, Mitsubishi UFJ Trust Bank, the trust division of Japan's MUFG Bank, has acquired a high-rise building in Osaka for over 100 billion yen (approximately $681 million). The bank plans to transform the property into digital securities and offer tokenized real estate products to both retail and institutional investors. These products will be sold to life insurance companies in the form of private real estate investment trusts (REITs) on the institutional side.