Pineapple Financial has moved more than $1 billion worth of residential mortgage records onto Injective, as the company expands its effort to bring its historical loan portfolio onchain.
The migration currently covers 2,079 mortgage records, up from 1,259 when the project launched in December 2025. Pineapple ultimately plans to move more than 29,000 funded mortgages worth over $10 billion onto Injective.
Each mortgage is represented by an onchain record linked to the original loan file, containing more than 500 data points for verification, auditing and risk analysis. The associated PAPL0 token tracks the records but does not represent ownership of the underlying mortgages.
PAPL0 currently has a market capitalization of about $1.1 billion, up 48.2% over the past nine months. Pineapple also maintains a separate $100 million INJ treasury, with part of its holdings staked on the Injective network.
The migration currently covers 2,079 mortgage records, up from 1,259 when the project launched in December 2025. Pineapple ultimately plans to move more than 29,000 funded mortgages worth over $10 billion onto Injective.
Each mortgage is represented by an onchain record linked to the original loan file, containing more than 500 data points for verification, auditing and risk analysis. The associated PAPL0 token tracks the records but does not represent ownership of the underlying mortgages.
PAPL0 currently has a market capitalization of about $1.1 billion, up 48.2% over the past nine months. Pineapple also maintains a separate $100 million INJ treasury, with part of its holdings staked on the Injective network.
