- Mitsubishi UFJ Trust and Banking has issued its inaugural branded real estate security token for the Osaka Dojimahama Tower, valued at approximately $142 million.
- The token leverages the bank’s end-to-end ecosystem, from asset acquisition and management to issuance on the Progmat blockchain platform.
- Distribution to retail investors is being handled by the ASTOMO digital securities platform, a joint venture between Mitsubishi UFJ Morgan Stanley and Nomura Securities.
The trust division of Japan’s largest banking group, Mitsubishi UFJ Financial Group (MUFG), has launched its first own-brand real estate security token, representing a major $142 million building in Osaka this week. This landmark issuance follows the group’s extensive experience facilitating over half of Japan’s real-world asset tokenizations through its trustee services.
MUFG Real Estate acquired the Osaka Dojimahama Tower asset last year specifically for this tokenization initiative. Mitsubishi UFJ Trust and Banking Corporation is acting as the trustee for the structured financial product, ensuring regulatory compliance and investor protection.
The MUFG Realty Token is issued on the Progmat blockchain platform, a venture originally founded by the banking giant. Distribution is split between Nomura Securities and Mitsubishi UFJ Morgan Stanley, which operates the ASTOMO digital securities platform. Consequently, this token marks only the second offering available to retail investors through the ASTOMO channel.
The bank’s trust arm has previously played a crucial role in 37 other security token issuances in Japan. However, the Osaka tower token represents a significant strategic shift toward originating and branding its own tokenized asset products.
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