Pineapple Financial is Moving its $10 Billion Mortgage Portfolio to Blockchain.

Pineapple Financial Transitions to Mortgage Tokenization on Blockchain

Pineapple Financial has announced the launch of a mortgage tokenization platform on the Injective blockchain. The company stated that it has begun the process of moving loan records to the blockchain.

The long-term goal is to transition a portfolio containing over 29,000 financed mortgage records, totaling approximately $10 billion (C$13.7 billion), to the blockchain.

Each tokenized mortgage record will include over 500 data points and will create a permissioned data marketplace, as well as support blockchain-backed mortgage yields for future product offerings.