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Key Takeaways
- $1 billion measures referenced mortgage value.
- Its mortgage operations are entirely Canadian.
- PAPL0 does not transfer loan ownership.
- Migration covers 7.2% of target files.
- Mortgage-backed yield remains a future product.
The $1 billion describes loans, not crypto liquidity
Pineapple Financial has placed standardized records connected to residential mortgages on Injective, according to a September 4 announcement from the blockchain network.
The reported $1 billion is the value of the mortgages described by those records. It is not capital deposited on Injective, lending supplied by crypto investors or liquidity available for trading.
Pineapple Financial is a Toronto-based mortgage brokerage and technology company listed on NYSE American under PAPL. Its latest Read Entire Article
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