Pineapple Financial says it has moved more than $1 billion of funded residential-mortgage records onto Injective. The NYSE American-listed company, ticker PAPL, is gradually converting its historical loan book into standardized on-chain records and states a goal of covering more than 29,000 funded mortgages representing over $10 billion in value.
The deployment is not described as issuing a new mortgage security or synthetic product. The original mortgage remains inside its existing legal and servicing framework, while the on-chain record acts as a digital counterpart carrying loan-level data, provenance and update history.
Injective says each tokenized record contains more than 500 data points. A structured shared record can support verification, audit trails, risk analysis and controlled information sharing among authorized participants that previously had to reconcile PDFs, email threads and separate operational systems.
The announcement connects Pineapple’s work to Injective’s broader institutional tokenization stack, but the mortgage program is a distinct deployment. The practical change is at the record layer: participants gain a consistent verifiable data object while mortgage rights, servicing and legal obligations remain in their original framework.