Fintech Firm Taps Injective to Bring $10 Billion Mortgage Portfolio Onchain

Pineapple Financial, the largest publicly traded holder of INJ, is migrating its $10 billion mortgage lending portfolio onto the Injective blockchain. The firm has already placed data for $716 million in funded mortgages on-chain, with over 29,000 additional loans expected to follow. This initiative anchors each loan record, containing over 500 data fields, to an immutable, verifiable reference point on the blockchain. Pineapple Financial states this will standardize loan-level information, providing a consistent foundation for underwriting, servicing, investor reporting, and enhancing compliance and auditability through tamper-evident trails. The firm chose Injective for its high-throughput and security features, which support the required scale and allow Pineapple to maintain ownership of its data structures and products. Furthermore, this new data foundation is intended to support future products like a Mortgage Data Marketplace and Pineapple Prime. Pineapple Financial holds a significant reserve of INJ tokens.

(Source：BeInCrypto)