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Pineapple Financial Launches Mortgage Tokenization Platform on Injective Blockchain

The company plans to migrate its $10B mortgage portfolio, with over 1,200 loans already tokenized for enhanced transparency and efficiency.

INJ

Summary

Pineapple Financial announced on Dec. 10 the launch of a mortgage tokenization platform on the Injective blockchain. The firm aims to migrate its $10 billion portfolio, containing 29,000 mortgages, onto the blockchain. So far, over 1,200 mortgages worth $412 million have been tokenized, with each including more than 500 data points to increase transparency and operational efficiency.

Terms & Concepts
  • Tokenization: The process of converting rights to an asset into a digital token on a blockchain.
  • Injective blockchain: A decentralized blockchain network optimized for finance-focused applications, offering fast transactions and interoperability.
  • Data points: Individual units of information collected to describe and analyze specific attributes of an asset or transaction.