Pineapple Financial has placed over $1 billion** worth of mortgage records onto the **Injective** blockchain, marking one of the largest real-world asset (RWA) tokenization moves in the real estate sector, with ambitious plans to eventually move more than **$10 billion on-chain.
According to data from Token Terminal, the market cap of tokenized assets on Injective surged 48.2% to reach $1.1 billion, reflecting growing confidence in the network's ability to handle traditional financial assets.
This move comes amid a broader wave of RWA tokenization, where Injective's high speed and low fees make it an attractive platform for financial institutions seeking to digitize assets and improve operational efficiency and liquidity.
Analysts see this as a game-changing shift in bridging traditional finance with decentralized finance, potentially paving the way for other major financial institutions to follow Pineapple Financial's lead.