The collision between traditional finance and blockchain is actually mortgage loans being brought on chain?
Canada’s Pineapple Financial chose to put its residential mortgage loan records on-chain on the $INJ platform. In just a short time since launch, the scale has grown from $1 billion to $1.1 billion. Behind this lies an important message: traditional financial record systems are steadily moving into the world of blockchain.
This on-chain move is not simple. It only puts the data layer of loan files on-chain, with more than 500 data points tied to each loan, without changing the existing legal structure. This means Pineapple Financial can gradually migrate mortgage loan data to blockchain without affecting securities issuance and registration procedures.
Pineapple also holds about $100 million in the $INJ treasury and plans to launch a permissioned mortgage loan data marketplace. This is not only a disruption to the traditional financial model, but also a major transformation of the on-chain financial ecosystem.
So, in the future, will more financial institutions follow Pineapple’s lead and bring assets on-chain?
#加密货币 #macroeconomics
Canada’s Pineapple Financial chose to put its residential mortgage loan records on-chain on the $INJ platform. In just a short time since launch, the scale has grown from $1 billion to $1.1 billion. Behind this lies an important message: traditional financial record systems are steadily moving into the world of blockchain.
This on-chain move is not simple. It only puts the data layer of loan files on-chain, with more than 500 data points tied to each loan, without changing the existing legal structure. This means Pineapple Financial can gradually migrate mortgage loan data to blockchain without affecting securities issuance and registration procedures.
Pineapple also holds about $100 million in the $INJ treasury and plans to launch a permissioned mortgage loan data marketplace. This is not only a disruption to the traditional financial model, but also a major transformation of the on-chain financial ecosystem.
So, in the future, will more financial institutions follow Pineapple’s lead and bring assets on-chain?
#加密货币 #macroeconomics
