Norinchukin Trust Bank, a wholly owned subsidiary of Norinchukin Bank, will enter the digital securities business in collaboration with SBI Securities and other partners. The bank plans to structure real estate-backed digital securities in December, marking the first such initiative for the Norinchukin Bank group. Norinchukin Trust Bank will act as trustee for the underlying real estate and maintain records of investors’ rights, while SBI Securities will underwrite and distribute the securities. The move expands the bank’s role beyond its previously announced trust business for digital securities funds, involving Kenedix, KDX ST Partners, SBI Securities and Progmat.