Pineapple has migrated its mortgage loans to the Injective network, with a partnership that includes a $100 million INJ digital asset treasury. Kraken provides verification services for the treasury assets. Tokenized real estate is emerging as a key area for bringing traditional illiquid assets on-chain. According to RWA.xyz data, the sector currently holds a distributed value of approximately $226.5 million, up 11.7% in the past 30 days, yet remains a small fraction of the $38.8 billion tokenized real-world asset market.
Pineapple has completed the migration of its mortgage loans to the Injective network. As part of the collaboration, the two parties have established a $100 million INJ digital asset treasury, with Kraken providing verification services for the treasury assets.
Tokenized real estate is becoming a significant avenue for tokenizing traditional illiquid assets. According to data from RWA.xyz, the tokenized real estate sector currently holds a distributed value of about $226.5 million, representing an 11.7% increase over the past 30 days. However, this still accounts for a small portion of the overall $38.8 billion tokenized real-world asset (RWA) market. (Cointelegraph)
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