The Missing Piece of Tokenization: Why Stocks and Bonds Still Need Cash

Pineapple Financial has successfully tokenized over $1 billion in residential mortgage records on the Injective blockchain, marking a significant milestone for the platform. This development positions Injective as a prominent layer-1 infrastructure provider for large-scale asset tokenization. Simultaneously, the broader RWA market is seeing increased institutional activity, evidenced by Solana processing $14.7 billion in RWA spot volume, which accounts for 32% of total volume across 24 tracked networks. Furthermore, DBS and Citi have executed a landmark cross-border tokenized transfer between Singapore and the U.S. using the Swift Digital Ledger. Additionally, Securitize has entered a Memorandum of Understanding with Dubai’s Virtual Assets Regulatory Authority to foster institutional adoption in the UAE. These collective events demonstrate a rapid maturation of tokenization infrastructure across multiple global jurisdictions and blockchain networks. The integration of mortgage data and cross-border settlement highlights the transition of RWA tokenization from experimental pilots to high-volume, real-world financial utility.