Pineapple Financial Begins Migrating $10B Mortgage Portfolio to Injective Blockchain

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Release Time:12/10/2025 12:20:46

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Toronto-based fintech firm Pineapple Financial (PAPL) has launched a mortgage tokenization platform on the Injective blockchain, marking a major **blockchain upgrade** in asset management. The company is converting over 1,200 mortgage files—$412 million in loans—into digital assets, with plans to tokenize its full $10B portfolio of 29,000 mortgages. Each token includes over 500 data points, improving auditability and risk modeling. Pineapple is also building a permissioned mortgage data market and Pineapple Prime, a product for on-chain mortgage-backed yields. A real-time metrics tracker is now live on its tokenization landing page. This move is being closely watched in **blockchain news** circles as a potential model for real-world asset digitization.

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