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Pineapple Financial Starts Migrating its $10B Mortgage Portfolio Onchain via Injective
Source: CryptoNewsNet Original Title: Pineapple Financial Starts Migrating its $10B Mortgage Portfolio Onchain via Injective Original Link: Pineapple Financial (PAPL), a Toronto-based fintech listed on NYSE American, has launched a mortgage tokenization platform and begun converting loan records into digital assets on the Injective blockchain.
The company framed the initiative as an effort to move loan information that typically sits across documents and internal systems into an auditable, tamper-resistant dataset that can be used in day-to-day operations.
Tokenization refers to converting real-world assets, from stocks and bonds to real estate, private equity and loans, into digital tokens recorded on a blockchain.
Pineapple said it has already migrated more than 1,200 previously originated mortgage files onchain, representing approximately $412 million (C$570 million) in funded mortgage volume.