Public company Pineapple Financial launches a mortgage tokenization program to move billions of assets on-chain

Pineapple Financial, a Canadian fintech company, announced the launch of a mortgage tokenization platform on the Injective blockchain, planning to migrate its entire historical portfolio (over 29,000 mortgages, with a total value of approximately $10 billion) to the blockchain. Currently, the company has successfully tokenized over 1,200 mortgage documents, valued at approximately $412 million. Each tokenized record contains over 500 data points, aimed at enhancing transparency and operational efficiency.

In previous news, the publicly listed company Pineapple Financial launched a $100 million Injective digital asset vault strategy.