Pineapple Financial Launches $100 Million INJ Treasury Strategy

Pineapple Financial launches $100M INJ treasury to earn 12% yield, becoming first public company to hold Injective tokens.

Pineapple Financial has announced the launch of a $100 million Injective (INJ) treasury strategy. This marks a major step for the NYSE American-listed fintech company. Pineapple is the first listed company to hold Injective tokens. The strategy was financed by a private placement.

Pineapple to Earn 12% Yield from $100M INJ Treasury

The company will use this treasury to derive passive income. Pineapple will earn approximately 12% per year by staking INJ tokens. This is one of the best returns you can get on the main chains at the moment. The yield will allow the company to expand its assets while they are searching for new opportunities in the blockchain space.

This move showcases Pineapple’s steadfast faith in the future of blockchain-based finance. The company wants to be a leader in bridging traditional finance and digital assets. By making Injective as its first blockchain investment, Pineapple demonstrates a belief in INJ and the crypto space on a larger scale.

Injective is a blockchain for financial applications. It is used for fast transactions, low fees, and high security. Injective has already transacted more than $60 billion. Usage of the network has increased by over 1000% this year alone. Bitcoin is fast emerging as a popular platform for institutions that wish to use blockchain.

Eric Chen, Co-founder of Injective, said that the launch of this treasury is a milestone for both Injective and the blockchain industry as a whole. He says the collaboration with Pineapple Financial will help bridge the gap between Wall Street and decentralized finance.

The leadership of Pineapple also showed that they are strong believers of the Injective platform. CEO Shubha Dasgupta said that the $100 million investment reflects their confidence in the future of finance being built on blockchain rails. He described INJ as a powerful tool to change the way financial markets work – making them more transparent and inclusive.

Pineapple Sees INJ as Key to Fixing Mortgage and Lending

Drew Green, Chairman of Pineapple Financial, said the initiative represents a tipping point. He thinks the company is now at the cutting edge of innovation through the integration of traditional finance with the power of the blockchain. He also said this strategy could be used to shape the future of global finance.

This new treasury strategy did not go unnoticed by the key players in both the traditional and crypto finance sector. Some of the companies are FalconX, Kraken, Blockchain.com, Monarq, Canary Capital, Abraxas, and Injective Foundation. Their backing indicates an increasing confidence in Injective and Pineapple’s fundamental vision.

Pineapple is going to leverage INJ to help fix long-standing problems in finance. Traditional systems are often slow, costly, and not transparent. Innovative cryptocurrency and blockchain technologies, like Injective, provide faster, cheaper, and more open financial services. Pineapple thinks these tools can be applied to industries such as lending, mortgages, and payments.

In conclusion, the Injective treasury strategy and planning an actionable roadmap of $100 million is a bold and forward-thinking move. Pineapple Financial is proving how a modern fintech company can be at the forefront of blockchain implementation. By investing in INJ, Pineapple is not just diversifying its holdings but also embracing the future of finance.