Pineapple Financial Migrates Billions in Mortgages onto Injective Blockchain

Pineapple Financial is taking its mortgage portfolio on-chain by migrating over $1 billion in records to Injective, a significant step towards moving more than 29,000 funded mortgages worth over $10 billion onto the network.

The approach involves keeping each mortgage tied to its underlying loan file through an on-chain record with more than 500 data points for verification, audit trails, and risk analysis.

Token Terminal data shows that PAPL0, representing mortgage-record tokens, has a market cap of about $1.1 billion, up 48.2% over the past nine months.