Pineapple Financial Migrates $1B in Mortgage Records to Injective

Pineapple Financial has made significant strides in its effort to migrate its historical loan portfolio onto Injective, a layer-1 blockchain focused on financial applications. As part of this initiative, the company has moved more than $1 billion in residential mortgage records onto the network.

The migration is a crucial step towards Pineapple's goal of transferring over 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.

According to Token Terminal data, the asset market cap of PAPL0, which tracks the mortgage records onchain, has reached approximately $1.1 billion, a growth of 48.2% over the past nine months.