Pineapple Financial starts migrating its $10B mortgage portfolio onchain via Injective. The Canadian fintech has already put data tied to about $412 million in funded mortgages onchain, and aims to migrate more than 29,000 loans over time. Each tokenized mortgage record includes more than 500 data points and will underpin a permissioned data marketplace and a planned product offering onchain mortgage-backed yields.

"Each tokenized record contains more than 500 data points, the firm said, which it believes could streamline workflows, support automated verification and real-time audit trails, and improve risk modeling and compliant data sharing with institutions. As part of the rollout, the lender said it is building two products on top of the tokenized dataset: a permissioned Mortgage Data Marketplace designed to provide compliant access to anonymized loan-level information for benchmarking and analytics, and Pineapple Prime, a planned product it said will offer onchain access to mortgage-backed yield opportunities."

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