Pineapple Financial Plans to Put $1B in Mortgage Records on Injective

Pineapple Financial plans to place $1 billion worth of mortgage records on the Injective blockchain, according to Cointelegraph. The mortgage lender also intends to bring more than $10 billion in historical loans onchain over time. The initiative would convert thousands of mortgage files into blockchain-based records, linking a large body of historical lending data to Injective. The report does not specify a completion date for the broader effort. The planned move is relevant to Injective (INJ), the crypto asset associated with the blockchain network. It represents a potential expansion of blockchain use in mortgage-record management, although the supplied information does not provide details on the technical implementation, transaction structure or any financial impact for Pineapple Financial. The announcement concerns the recording of historical loan data and does not indicate that the loans themselves are being tokenized or traded.