Canadian fintech publicly listed company Pineapple Financial has recently achieved a major milestone—transferring its managed $10 billion mortgage assets entirely onto the Injective blockchain.

It's not just a simple "backup of data onto the chain." Currently, 1,200 loans totaling $412 million have been tokenized. Each loan on the chain is broken down into over 500 data dimensions: interest rate, repayment periods, property valuation, borrower credit history… all accessible in real-time, with records that are permanent and tamper-proof.

This is actually a complete overhaul of the operational logic.

What does traditional mortgage business look like? Audit cycles are monthly, asset liquidity is geographically restricted, data is stored on various institutional servers, and transferring assets requires coordinating with multiple intermediaries. Now? On-chain audits can be run at any time, global investors can participate in liquidity provision, all data is open, transparent, and verifiable. Assets can also be split, combined, or reprogrammed on-demand.

Why choose Injective? Besides its native support for RWA modules and compliance frameworks, more importantly, Pineapple has already tested with a $100 million scale—the technology works, regulatory approval is possible, and there is market demand.

This is not just an experimental chain upgrade by a single company; it’s a signal: when traditional financial institutions proactively move core assets onto the chain, the narrative of DeFi and RWA has shifted from "proof of concept" to "scaling implementation." Financial sectors that have been entrenched for decades are redefining their existence through code.