Pineapple Financia | $PAPL begun migrating its $10B mortgage portfolio onchain through @Injective.
As of right now, Pineapple has uploaded $412 million from more than 1,200 loans to the onchain. The company plans to convert all 29,000 loans, or about $10 billion, into digital assets.
By transforming each loan profile into a dataset with more than 500 pieces of information, tokenization improves risk models and makes it simple to audit, automate procedures, and distribute data in a consistent manner.
Pineapple is creating a mortgage data marketplace and Pineapple Prime, a product that provides onchain mortgage yields, on the Injective.
