Canadian fintech Pineapple Financial announced this Wednesday the start of its ambitious strategy for mortgage tokenization on Injective, designed to radically modernize the management of its vast loan portfolio. The company’s CEO, Shubha Dasgupta, confirmed that the firm has already begun transferring critical data to the network, marking a significant milestone in the institutional adoption of decentralized technologies for real-world assets.
To date, the company has successfully migrated more than 1,200 previously originated mortgage files, representing a funded volume of approximately 412 million dollars already secured on the ledger. Furthermore, the firm’s long-term goal is to migrate its full historical portfolio consisting of more than 29,000 loans, valued at a total of 10 billion dollars. Each digitized record is highly detailed, as it contains more than 500 specific data points ensuring granularity of information that will allow for much more precise risk models and immutable audits.
Can This Initiative Establish a New Global Standard for Mortgage Transparency?
This strategic move seeks to move information that typically sits across isolated documents and internal systems into an auditable dataset that is fully resistant to external tampering. By converting tangible real-world assets, such as mortgage loans, into secure digital records, the company eliminates historical operational inefficiencies and establishes a new level of integrity. Likewise, this initiative responds to the urgent need to modernize traditional financial infrastructure, allowing daily operations to benefit from the speed, security, and immutable transparency of the blockchain.
On the other hand, the implementation of this technology will allow for the launch of innovative products such as a mortgage data marketplace with permissions for benchmarking and anonymized metrics for institutions. Moreover, the debut of Pineapple Prime is expected, a planned offering that will provide on-chain access to yield opportunities backed by real mortgages. In this way, institutional investors will be able to access verifiable income streams, while the company optimizes its compliance processes, automated data verification, and third-party risk management.
Finally, the firm will continue adding new originations on an ongoing basis ensuring the platform evolves with real-time metrics visible on its new public tracker. This technological integration is expected to dramatically improve capital efficiency and operational security, protecting sensitive client information at every stage of the loan lifecycle. The focus on enterprise-grade encryption and secure data governance promises to redefine how mortgages are managed and traded in the digital age.
