Pineapple Financial to put $1B in Canadian mortgage records on Injective and plans $10B on-chain

Pineapple Financial said it is putting $1 billion in mortgage records on the Injective blockchain ^{[1] [2]}.

Cointelegraph reported that Pineapple Financial plans to bring more than $10 billion in historical loans on-chain, converting thousands of mortgage files into blockchain-based records ^[2].

Coindoo reported that the $1 billion figure referenced loans (not crypto liquidity), that Pineapple Financial’s mortgage operations are entirely Canadian, and that migration covers 7.2% of target files; it also stated that PAPL0 does not transfer loan ownership ^[3].

Low-authority outlets Crypto Breaking News separately characterized the effort as planning $10 billion in on-chain mortgage records on Injective and described it as deposits of $1 billion in mortgage records on Injective ^{[4] [5]}.