Pineapple Financial Migrates $1 Billion in Mortgage Records to Injective
Pineapple Financial has completed its initial move of over $1 billion in residential mortgage records onto Injective, a layer-1 blockchain focused on financial applications. This migration is part of a broader effort to transfer its historical loan portfolio onto the network.
The company plans to eventually migrate more than 29,000 funded mortgages worth over $10 billion onto Injective. Each mortgage record contains over 500 data points, including loan-level information designed to support verification, audit trails, and risk analysis.
Pineapple's relationship with Injective also includes a separate $100 million Injective (INJ) digital asset treasury, where the company stakes INJ tokens from the treasury. Kraken serves as a primary validator for these holdings.