In a major advancement for digital finance, Mitsubishi UFJ Trust and Banking—under MUFG—has acquired a high-rise office tower in Osaka for $681 million and plans to tokenize the property. The bank will convert the building into digital securities through its proprietary blockchain platform, Progmat, enabling fractional ownership for both retail and institutional investors.
Retail participants will access ownership via token purchases, while institutional investors such as insurance firms will invest through private REITs. This dual-access model aims to democratize real estate investment while maintaining regulatory rigor. The initiative showcases how traditional finance can adopt blockchain to increase accessibility and liquidity in illiquid markets like real estate.
Progmat, co-developed with other major Japanese companies, supports regulated digital securities across various asset classes. By tokenizing a landmark property, MUFG positions itself at the forefront of digital innovation in Japan’s real estate and financial ecosystems, with potential global implications for blockchain-integrated investment models.
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