Pineapple Financial Deploys $1 Billion in Mortgage Data to Injective

Pineapple Financial, a Toronto-based mortgage brokerage and technology company listed on NYSE American under PAPL0, has placed standardized records connected to residential mortgages on Injective.

The reported $1 billion is the value of the mortgages described by those records, not capital deposited on Injective or liquidity available for trading.

Pineapple's mortgage division operates exclusively in Canada and earns no revenue from foreign mortgage markets. Its U.S. connection is the PAPL listing, not the mortgages represented on Injective.

The published structure does not give a PAPL0 user ownership of the corresponding mortgage, rights over the borrower’s property or a claim on principal and interest payments.