Injective held $1.06 billion of tokenized real estate on October 23, 67.54% of the $1.57 billion market tracked by RWA.xyz and more than 26 times the $39.34 million on Ethereum. All of it is mortgage records from Pineapple Financial, the NYSE American-listed mortgage company.
Pineapple has tokenized more than $1 billion in mortgage records on Injective, 2,079 records so far. It plans to bring its full portfolio of more than 29,000 funded mortgages, worth over $10 billion, and runs a $100 million INJ treasury strategy.
In October Pineapple entered its next chapter with Pentiv, and Pentiv plans to tokenize its entire $10 billion real estate portfolio on Injective while bringing its agentic operations onchain with INJ.
Real estate is one part of a wider tokenization push on the chain. POSCO International, South Korea's largest trading company with $22.2 billion in annual revenue, is tokenizing real trade receivables on Injective with LG CNS, in a live pilot set to move into its operations in stages. Injective now hosts 135 live onchain RWA markets.
Injective Institutional Services is also an SEC-registered transfer agent, able to keep official ownership records and process transfers for tokenized securities.