Pineapple Financial’s Onchain Mortgage Records Cross $1B
Pineapple says the tokens track mortgage records, not loan ownership, as the asset market cap reaches about $1.1 billion, Token Terminal data shows.
- On Friday, Pineapple Financial migrated over $1 billion in residential mortgage records onto the Injective blockchain, marking a significant milestone in tokenizing real-world assets.
- Real estate tokenization has become a growing focus for bringing illiquid assets onchain, with major firms like Goldman Sachs and the Dubai Land Department actively expanding their efforts.
- Dashboard data shows the migration currently includes 2,079 mortgage records, with the PAPL0 asset market cap reaching about $1.1 billion, up 48.2% over the past nine months, according to Token Terminal.
- These records contain more than 500 data points supporting verification and audit trails, though the tokens represent mortgage records rather than ownership of the underlying loans.
- Pineapple plans to eventually migrate more than 29,000 funded mortgages worth over $10 billion onto the network, Injective said Friday, positioning the lender as a leader in mortgage asset tokenization.
14 Articles
14 Articles
Pineapple Financial Puts 2,079 Mortgages on Injective as PAPL0 Token Jumps 48%
What happened Over a billion dollars in residential mortgage records just landed on a blockchain. Pineapple Financial has moved more… Read the original on Pineapple Financial Moves $1 Billion in Mortgages to Injective, PAPL0 Token Soars 48%. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Injective Tokenizes $1 Billion in Residential Mortgages
Injective is gaining prominence in the asset tokenization sector after Pineapple Financial moved more than $1 billion in residential mortgage records onto the blockchain, marking a significant expansion of blockchain use in traditional financial markets. The development highlights the growing use of blockchain networks to represent and manage real-world financial assets. Pineapple Financial, a mortgage […]
Pineapple Financial Plans $10B On-Chain Mortgage Records on Injective
Pineapple Financial says it has migrated more than $1 billion of residential mortgage records onto Injective, marking a significant step in its plan to move a large portion of its funded loan portfolio onchain. Injective announced Friday that Pineapple expects to eventually migrate over 29,000 funded mortgages worth more than $10 billion to the network. [...]
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