$1 Billion in Mortgage Records Tokenized on Injective Blockchain

Pineapple Financial has tokenized over $1 billion in mortgage records on the Injective blockchain, marking a significant milestone for the network.

The move represents one of the largest layer-1 chains by total value of tokenized real-world assets and brings what began as a proof of concept into a live, publicly trackable loan book.

Pineapple is migrating funded residential mortgage records onto Injective, with each loan represented by a metadata-rich onchain record tied to its underlying loan file rather than repackaged as a new mortgage-backed security.

The original mortgage remains within its legal and servicing framework, while the onchain record acts as an auditable digital counterpart that gives authorized parties a consistent, verifiable view of the same information.