Pineapple Financial’s Onchain Mortgage Records Cross $1B
Ecosystem
- DOGE: $0.08496 (4.29%)
- TRX: $0.3314 (0.06%)
- LINK: $11.69 (1.88%)
- ZEC: $1,027.39 (7.50%)
- ADA: $0.2132 (4.74%)
- XRP: $1.40 (4.58%)
- ETH: $2,455.22 (2.12%)
- BTC: $79,813.33 (2.17%)
- XMR: $538.76 (2.30%)
- BNB: $719.22 (0.79%)
- XLM: $0.1796 (3.67%)
- SOL: $101.84 (3.23%)
- HYPE: $84.21 (1.54%)
Written by
- Nate Kostar, staff writer
- Sam Bourgi, staff writer
Pineapple Financial puts $1B in mortgage records on Injective
Latest News
Published: Sep 4, 2026
Pineapple Financial, a mortgage lender, has made a significant move by transferring over $1 billion in residential mortgage records to the Injective blockchain. This initiative is part of a larger plan to migrate its historical loan portfolio onto the blockchain.
Key Details:
- Migration Plan: Pineapple aims to migrate over 29,000 funded mortgages totaling over $10 billion onto Injective.
- Onchain Records: Each mortgage is represented by a unique onchain record linked to the original loan file, eliminating the need for repackaging as mortgage securities.
- Data Points: The records contain over 500 data points, enabling verification, audit trails, and risk analysis.
- Progress: As of the publication date, the migration includes 2,079 mortgage records, a significant increase from 1,259 in December 2025.
- Tokenization: PAPL0, tracking the mortgage records, has an asset market cap of about $1.1 billion, growing by 48.2% in the past nine months.
- Partnership: This effort is part of Pineapple's collaboration with Injective, which includes a $100 million digital asset treasury.
Context and Related Stories
- Tokenized Real Estate: The mortgage migration aligns with the growing trend of tokenizing real estate, making property interests easier to divide and access.
- Global Initiatives: Similar projects include Apex Group's tokenized real estate fund and Dubai's real estate tokenization pilot.
- Market Size: Despite progress, tokenized real estate remains a small segment of the $226.5 million distributed value across tokenized real-world assets.