Pineapple Financial Starts Transition of $10 Billion Mortgage Portfolio to Onchain
# Pineapple Financial Begins Transitioning $10B Mortgage Portfolio to Onchain Using Injective
Pineapple Financial has initiated the process of migrating its extensive $10 billion mortgage portfolio to an onchain system through the Injective platform. This significant move marks a notable advancement in the integration of blockchain technology within the mortgage sector.
The migration strategy aims to enhance operational efficiency and security for Pineapple Financial’s clients. "Pineapple has implemented some of the most advanced security measures in the mortgage space to protect client data end-to-end," said Dasgupta, underscoring the commitment to safeguarding sensitive information throughout the migration process.
This transition represents a pioneering step for Pineapple Financial as it seeks to leverage blockchain technology to streamline its offerings and better serve its customer base. By entering the onchain realm, the company aims to modernize the way mortgages are managed and processed.