Injective eyes $10B real estate tokenization

Injective is expanding its real-world asset (RWA) ecosystem as Canadian mortgage firm Pineapple Financial plans to migrate its entire $10 billion real estate portfolio onto the blockchain. This move follows the successful launch of the PALPO token, which previously tokenized $1 billion of mortgages on the Injective network. The integration of such large-scale assets highlights the growing utility of the Injective blockchain, which has seen its total value locked rise to approximately $14.28 million. Market data indicates significant accumulation of the INJ token, with $1.35 billion moving into private wallets over the last 120 days. Furthermore, the network is attracting institutional interest through three pending ETF applications from 21Shares, Canary, and REX-Osprey. These developments suggest that tokenization is driving both on-chain activity and investor demand for the native INJ token. By bridging traditional mortgage portfolios with decentralized finance, Injective aims to capture a larger share of the $367.75 billion RWA market.