Pineapple Financial Tokenizes $1B in Mortgage Records on Injective Blockchain

Pineapple Financial has made significant strides in its efforts to tokenize real-world assets on the Injective blockchain. The company has successfully migrated over $1B in residential mortgage records onto the platform, a milestone that few traditional lenders have achieved.

The migration project began in December 2025 with approximately 1,259 mortgage records, but by September 2026, this number had grown to 2,079 records. The total tracked asset value reached around $1.1B, representing a nearly 48% increase since the project's launch.

The on-chain records contain over 500 data points for each loan file, including borrower profile, loan terms, funding history, and risk indicators. These digital dossiers are not intended to create new mortgage securities or synthetic instruments but rather serve as a data layer on top of the original loans, making verification and risk modeling easier.

Pineapple Financial plans to migrate its entire portfolio of over 29,000 mortgages valued at more than $10B onto the Injective blockchain. The company also aims to develop a permissioned Mortgage Data Marketplace where institutional buyers can access anonymized, loan-level analytics, as well as a product called Pineapple Prime that would allow investors to access mortgage-backed yield opportunities on-chain.