$1B in Canadian Mortgage Data Migrated to Injective Blockchain

A US-listed firm, Pineapple Financial, has migrated over $1 billion in mortgage data to the Injective blockchain network.

The company, which is listed on NYSE American under PAPL and operates exclusively in Canada, used the platform to create standardized records connected to residential mortgages.

However, it's essential to note that these records do not represent ownership or claims on mortgage securities but rather provide structured information about existing loan files.

Pineapple Financial has migrated 7.2% of its target 29,000+ historical mortgage files to the Injective network, with approximately $1.1 billion in asset market capitalization listed for PAPL0.