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

Pineapple Financial Transitions to Mortgage Tokenization on the 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.

Its long-term goal is to transfer a portfolio containing over 29,000 financed mortgage records, valued at approximately $10 billion (C$13.7 billion), to the blockchain.

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