<p>开始其抵押贷款组合的链上迁移，解锁抵押贷款生态系统中的更高透明度、效率和收益机会</p>
<p>截至目前，已有超过五亿美元的抵押贷款被代币化，Pineapple 将传统贷款数据转换为安全、可审计的数字资产</p>
<p>此次发布包括抵押贷款数据市场和 Pineapple Prime，带来机构级分析和链上抵押贷款收益</p>
<p>加拿大安大略省多伦多 --（Newsfile Corp. -2025 年 12 月 10 日）-- <strong>Pineapple Financial Inc.</strong>（纽约证券交易所美国：PAPL）（&#34;Pineapple&#34; 或 &#34;公司&#34;），一家领先的金融科技平台，今天宣布推出其抵押贷款代币化平台，这是公司链上金融基础设施战略的一项重大进展。Pineapple 现在正在将历史上被困在 PDF、电子邮件和后台文件夹中的现实世界抵押贷款记录转换为安全和可编程的数字资产，运行在 Injective 区块链上。</p>
<p>这标志着全球首家上市抵押贷款公司在公共区块链上代币化其自身贷款账簿并将链上数据整合到日常运营中的首次实例之一。作为平台初始部署的一部分，Pineapple 已经将 1,259 份之前发放的抵押贷款文件迁移到链上，代表约 7.16 亿加元的融资抵押贷款总额。在接下来的几个月中，公司预计将迁移其超过 29,000 份已融资抵押贷款的整个历史组合，总额约为 137 亿加元，并持续增加新的发放。</p>
<p>每个代币化的抵押贷款记录包含超过 500 个独特的数据点，创建一个统一、可审计且防篡改的真实来源，旨在简化操作工作流程、改善风险建模并解锁新的金融产品。</p>
<p>&#34;Pineapple 一直是现代化加拿大抵押贷款行业的先锋，将一个传统且分散的领域重塑为一个以技术驱动和数据为基础的生态系统，&#34; Pineapple Financial 的首席执行官 Shubha Dasgupta 说。&#34;通过将我们的贷款账簿迁移到链上，我们不仅提高了透明度和效率，还为全新的金融产品奠定了基础，从数据市场到抵押贷款收益平台。这是抵押贷款金融的未来，Pineapple 自豪地引领这一转型。&#34;</p>
<p>&#34;在 Injective 上代币化 Pineapple 的抵押贷款组合代表了上市公司进行的最重要的现实资产部署之一，&#34; Injective Labs 的机构市场顾问 Cooper Emmons 说。&#34;Pineapple 正在通过大规模将真实抵押贷款数据迁移到链上设定新的行业标准，而 Injective 则旨在支持这种级别的金融创新。我们很高兴能与 Pineapple 合作，为抵押贷款市场带来新的透明度、可编程性和可及性。&#34;</p>
<p>Pineapple 的代币化平台旨在解决抵押贷款金融中长期存在的操作挑战，包括数据系统分散、手动审计和过时的文件跟踪流程。通过将结构化的贷款级数据迁移到链上，Pineapple 可以支持自动验证、实时审计跟踪和无缝数据共享，以满足合规的机构使用。</p>
<p>在此基础上，Pineapple 正在开发两个新的商业产品：</p>
<ul>
<li>抵押贷款数据市场，一个许可平台，旨在为寻求改善基准、风险分析和市场情报的机构提供合规的匿名贷款级数据访问。</li>
</ul>
<ul>
<li>Pineapple Prime，一个即将推出的产品，旨在提供链上抵押贷款收益机会，扩大投资者对加拿大最稳定的现实资产类别之一的访问。</li>
</ul>
<p>Pineapple 已推出一个专门的代币化着陆页，配备实时指标跟踪器，随着新抵押贷款资产在链上铸造而自动更新。要了解有关该平台的更多信息并查看抵押贷款的未来，请访问 https://pineappledigitalassets.com/。</p>
<p><strong>关于 Pineapple Financial Inc.</strong></p>
<p>Pineapple Financial Inc. 是一家屡获殊荣的金融科技公司和领先的加拿大抵押贷款经纪网络，专注于代理和经纪人的长期成功以及房主的整体体验。Pineapple 在网络中拥有数百名经纪人，创造尖端的基于云的工具和 AI 驱动的系统，使其经纪人能够帮助加拿大人实现拥有住房的梦想。Pineapple 积极参与社区，并自豪地赞助遍布加拿大的慈善机构，以改善其他加拿大人的生活。</p>
<p>安全港前瞻性声明</p>
<p>本公告中的某些声明为前瞻性声明。这些前瞻性声明涉及已知和未知的风险和不确定性。它们基于公司当前对未来事件的预期和预测，公司认为这些事件可能会影响其财务状况、经营成果、商业战略和经济需求。投资者可以通过诸如 “可能”、“将”、“期望”、“预期”、“旨在”、“估计”、“打算”、“计划”、“相信”、“可能”、“潜在”、“继续” 或其他类似表达来识别这些前瞻性声明。公司没有义务公开更新或修订任何前瞻性声明，以反映后续发生的事件或情况或在本公告日期之后出现的预期变化，法律另有要求的除外。这些声明受到不确定性和风险的影响，包括但不限于与市场状况相关的不确定性、INJ 市场价格的波动以及由于 INJ 市场价格低于其在我们资产负债表上所载价值而可能产生的任何相关减值费用；与我们 INJ 持有相关的会计处理变化；公司的财务状况、客户对我们 INJ 财务策略的接受程度，以及在注册声明和向 SEC 提交的定期报告的 “风险因素” 部分中讨论的其他因素。尽管公司相信这些前瞻性声明中表达的预期是合理的，但无法保证这些预期是正确的。公司提醒投资者，实际结果可能与预期结果存在重大差异。公司鼓励投资者查看可能影响其未来结果的其他因素，这些因素在公司的注册声明和其他向 SEC 提交的文件中进行了说明。其他因素在公司向 SEC 提交的文件中进行了讨论，供在 www.sec.gov 上查阅。</p>
<p><strong>媒体联系人：</strong></p>
<p>KCSA 战略传播</p>
<p>Kristin Cwalinski</p>
<p>pineapple@kcsa.com</p>
<p><strong>投资者关系：</strong></p>
<p>KCSA 战略传播</p>
<p>Jack Perkins</p>
<p>pineapple@kcsa.com</p>
<p><strong>关注我们的社交媒体：</strong></p>
<p>Instagram: @pineapplemortgage @empoweredbypineapple</p>
<p>Facebook: Pineapple Mortgage</p>
<p>LinkedIn: Pineapple Mortgage</p>
<p>X（前身为 Twitter）：@PAPLpineapple</p>
<p>要查看本新闻稿的源版本，请访问 https://www.newsfilecorp.com/release/277544</p>

PAPLD

PAPL

<p>Pineapple Financial 推出了一种抵押贷款代币化平台，将其 137 亿美元的投资组合转换为 Injective 区块链上的数字资产。此举旨在提高抵押贷款生态系统的透明度、效率和收益机会。该平台包括一个抵押贷款数据市场和 Pineapple Prime，提供机构级分析和链上抵押贷款收益。Pineapple 的这一举措代表了一家上市公司在真实世界资产部署方面的重要进展，为链上抵押贷款数据整合设定了新的行业标准</p>

<p>Commences on-chain migration of its mortgage portfolio, unlocking elevated transparency, efficiency, and yield opportunities across the mortgage ecosystem</p>
<div class="lb-trans"><p>开始其抵押贷款组合的链上迁移，解锁抵押贷款生态系统中的更高透明度、效率和收益机会</p>
</div><p>More than half a billion dollars in mortgages tokenized to date as Pineapple converts legacy loan data into secure, auditable digital assets</p>
<div class="lb-trans"><p>截至目前，已有超过五亿美元的抵押贷款被代币化，Pineapple 将传统贷款数据转换为安全、可审计的数字资产</p>
</div><p>Launch includes Mortgage Data Marketplace and Pineapple Prime, bringing institutional-grade analytics and mortgage-backed yields on-chain</p>
<div class="lb-trans"><p>此次发布包括抵押贷款数据市场和 Pineapple Prime，带来机构级分析和链上抵押贷款收益</p>
</div><p>Toronto, Ontario--(Newsfile Corp. - December 10, 2025) - <strong>Pineapple Financial Inc.</strong> (NYSE American: PAPL) (&#34;Pineapple&#34; or &#34;the Company&#34;), a leading fintech platform, today announced the launch of its mortgage tokenization platform, a major advancement in the Company's on-chain financial infrastructure strategy. Pineapple is now converting real-world mortgage records, historically trapped in PDFs, emails, and back-office folders, into secure and programmable digital assets on the Injective blockchain.</p>
<div class="lb-trans"><p>加拿大安大略省多伦多 --（Newsfile Corp. -2025 年 12 月 10 日）-- <strong>Pineapple Financial Inc.</strong>（纽约证券交易所美国：PAPL）（&#34;Pineapple&#34; 或 &#34;公司&#34;），一家领先的金融科技平台，今天宣布推出其抵押贷款代币化平台，这是公司链上金融基础设施战略的一项重大进展。Pineapple 现在正在将历史上被困在 PDF、电子邮件和后台文件夹中的现实世界抵押贷款记录转换为安全和可编程的数字资产，运行在 Injective 区块链上。</p>
</div><p>This marks one of the first instances globally of a publicly traded mortgage company tokenizing its own loan book on a public blockchain and integrating on-chain data into day-to-day operations. As part of the platform's initial deployment, Pineapple has already brought 1,259 previously originated mortgage files on-chain, representing approximately $716 million CAD in funded mortgage volume. Over the coming months, the Company expects to migrate its entire historical portfolio of more than 29,000 funded mortgages, totaling approximately $13.7 billion CAD, with new originations added on an ongoing basis.</p>
<div class="lb-trans"><p>这标志着全球首家上市抵押贷款公司在公共区块链上代币化其自身贷款账簿并将链上数据整合到日常运营中的首次实例之一。作为平台初始部署的一部分，Pineapple 已经将 1,259 份之前发放的抵押贷款文件迁移到链上，代表约 7.16 亿加元的融资抵押贷款总额。在接下来的几个月中，公司预计将迁移其超过 29,000 份已融资抵押贷款的整个历史组合，总额约为 137 亿加元，并持续增加新的发放。</p>
</div><p>Each tokenized mortgage record contains more than 500 unique data points, creating a unified, auditable, and tamper-resistant source of truth designed to streamline operational workflows, improve risk modeling, and unlock new financial products.</p>
<div class="lb-trans"><p>每个代币化的抵押贷款记录包含超过 500 个独特的数据点，创建一个统一、可审计且防篡改的真实来源，旨在简化操作工作流程、改善风险建模并解锁新的金融产品。</p>
</div><p>&#34;Pineapple has been a pioneer in modernizing the Canadian mortgage industry, reshaping a traditional and fragmented space into a technology-driven and data-powered ecosystem,&#34; said Shubha Dasgupta, CEO of Pineapple Financial. &#34;By bringing our loan book on-chain, we are not only improving transparency and increasing efficiency, we are laying the groundwork for entirely new financial products, from data marketplaces to mortgage-backed yield platforms. This is the future of mortgage finance, and Pineapple is proud to be leading that transformation.&#34;</p>
<div class="lb-trans"><p>&#34;Pineapple 一直是现代化加拿大抵押贷款行业的先锋，将一个传统且分散的领域重塑为一个以技术驱动和数据为基础的生态系统，&#34; Pineapple Financial 的首席执行官 Shubha Dasgupta 说。&#34;通过将我们的贷款账簿迁移到链上，我们不仅提高了透明度和效率，还为全新的金融产品奠定了基础，从数据市场到抵押贷款收益平台。这是抵押贷款金融的未来，Pineapple 自豪地引领这一转型。&#34;</p>
</div><p>&#34;Tokenizing Pineapple's mortgage portfolio on Injective represents one of the most significant real-world asset deployments ever conducted by a public company,&#34; said Cooper Emmons, Institutional Markets Advisor at Injective Labs. &#34;Pineapple is setting a new industry standard by moving real mortgage data on-chain at scale, and Injective is built to support this level of financial innovation. We are excited to partner with Pineapple as they bring new transparency, programmability, and accessibility to the mortgage market.&#34;</p>
<div class="lb-trans"><p>&#34;在 Injective 上代币化 Pineapple 的抵押贷款组合代表了上市公司进行的最重要的现实资产部署之一，&#34; Injective Labs 的机构市场顾问 Cooper Emmons 说。&#34;Pineapple 正在通过大规模将真实抵押贷款数据迁移到链上设定新的行业标准，而 Injective 则旨在支持这种级别的金融创新。我们很高兴能与 Pineapple 合作，为抵押贷款市场带来新的透明度、可编程性和可及性。&#34;</p>
</div><p>Pineapple's tokenization platform is designed to solve long-standing operational challenges across mortgage finance, including fragmented data systems, manual audits, and outdated document tracking processes. By bringing structured loan-level data on-chain, Pineapple can support automated verification, real-time audit trails, and seamless data sharing for compliant institutional use.</p>
<div class="lb-trans"><p>Pineapple 的代币化平台旨在解决抵押贷款金融中长期存在的操作挑战，包括数据系统分散、手动审计和过时的文件跟踪流程。通过将结构化的贷款级数据迁移到链上，Pineapple 可以支持自动验证、实时审计跟踪和无缝数据共享，以满足合规的机构使用。</p>
</div><p>Built on this foundation, Pineapple is developing two new commercial products:</p>
<div class="lb-trans"><p>在此基础上，Pineapple 正在开发两个新的商业产品：</p>
</div><ul>
<li>Mortgage Data Marketplace, a permissioned platform designed to provide compliant access to anonymized loan-level data for institutions seeking improved benchmarking, risk analytics, and market intelligence.</li>
</ul>
<div class="lb-trans"><ul>
<li>抵押贷款数据市场，一个许可平台，旨在为寻求改善基准、风险分析和市场情报的机构提供合规的匿名贷款级数据访问。</li>
</ul>
</div><ul>
<li>Pineapple Prime, a forthcoming product intended to provide on-chain access to mortgage-backed yield opportunities, expanding investor access to one of Canada's most stable real-world asset classes.</li>
</ul>
<div class="lb-trans"><ul>
<li>Pineapple Prime，一个即将推出的产品，旨在提供链上抵押贷款收益机会，扩大投资者对加拿大最稳定的现实资产类别之一的访问。</li>
</ul>
</div><p>Pineapple has launched a dedicated tokenization landing page, featuring a real-time metrics tracker that updates automatically as new mortgage assets are minted on-chain. To learn more about the platform and see the future of mortgages in action, please visit https://pineappledigitalassets.com/.</p>
<div class="lb-trans"><p>Pineapple 已推出一个专门的代币化着陆页，配备实时指标跟踪器，随着新抵押贷款资产在链上铸造而自动更新。要了解有关该平台的更多信息并查看抵押贷款的未来，请访问 https://pineappledigitalassets.com/。</p>
</div><p><strong>About Pineapple Financial Inc.</strong></p>
<div class="lb-trans"><p><strong>关于 Pineapple Financial Inc.</strong></p>
</div><p>Pineapple Financial Inc. is an award-winning fintech and leading Canadian mortgage brokerage network, focusing on both the long-term success of agents and brokers as well as the overall experience of homeowners. With hundreds of brokers within the network, Pineapple creates cutting-edge cloud-based tools and AI-driven systems to enable its brokers to help Canadians realize their dream of owning a home. Pineapple is active within the community and is proud to sponsor charities across Canada to improve the lives of fellow Canadians.</p>
<div class="lb-trans"><p>Pineapple Financial Inc. 是一家屡获殊荣的金融科技公司和领先的加拿大抵押贷款经纪网络，专注于代理和经纪人的长期成功以及房主的整体体验。Pineapple 在网络中拥有数百名经纪人，创造尖端的基于云的工具和 AI 驱动的系统，使其经纪人能够帮助加拿大人实现拥有住房的梦想。Pineapple 积极参与社区，并自豪地赞助遍布加拿大的慈善机构，以改善其他加拿大人的生活。</p>
</div><p>Safe Harbor Forward-Looking Statements</p>
<div class="lb-trans"><p>安全港前瞻性声明</p>
</div><p>Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. They are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and economic needs. Investors can identify these forward-looking statements by words or phrases such as &#34;may,&#34; &#34;will,&#34; &#34;expect,&#34; &#34;anticipate,&#34; &#34;aim,&#34; &#34;estimate,&#34; &#34;intend,&#34; &#34;plan,&#34; &#34;believe,&#34; &#34;is/are likely to,&#34; &#34;potential,&#34; &#34;continue&#34; or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, fluctuations in the market price of INJ and any associated impairment charges that we may incur as a result of a decrease in the market price of INJ below the value at which INJ is carried on our balance sheet; changes in the accounting treatment relating to our INJ holdings; the Company's financial condition, customer acceptance of our INJ treasury strategy, and other factors discussed in the &#34;Risk Factors&#34; section of the registration statements, and periodic reports filed with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results. It encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.</p>
<div class="lb-trans"><p>本公告中的某些声明为前瞻性声明。这些前瞻性声明涉及已知和未知的风险和不确定性。它们基于公司当前对未来事件的预期和预测，公司认为这些事件可能会影响其财务状况、经营成果、商业战略和经济需求。投资者可以通过诸如 “可能”、“将”、“期望”、“预期”、“旨在”、“估计”、“打算”、“计划”、“相信”、“可能”、“潜在”、“继续” 或其他类似表达来识别这些前瞻性声明。公司没有义务公开更新或修订任何前瞻性声明，以反映后续发生的事件或情况或在本公告日期之后出现的预期变化，法律另有要求的除外。这些声明受到不确定性和风险的影响，包括但不限于与市场状况相关的不确定性、INJ 市场价格的波动以及由于 INJ 市场价格低于其在我们资产负债表上所载价值而可能产生的任何相关减值费用；与我们 INJ 持有相关的会计处理变化；公司的财务状况、客户对我们 INJ 财务策略的接受程度，以及在注册声明和向 SEC 提交的定期报告的 “风险因素” 部分中讨论的其他因素。尽管公司相信这些前瞻性声明中表达的预期是合理的，但无法保证这些预期是正确的。公司提醒投资者，实际结果可能与预期结果存在重大差异。公司鼓励投资者查看可能影响其未来结果的其他因素，这些因素在公司的注册声明和其他向 SEC 提交的文件中进行了说明。其他因素在公司向 SEC 提交的文件中进行了讨论，供在 www.sec.gov 上查阅。</p>
</div><p><strong>Media Contact:</strong></p>
<div class="lb-trans"><p><strong>媒体联系人：</strong></p>
</div><p>KCSA Strategic Communications</p>
<div class="lb-trans"><p>KCSA 战略传播</p>
</div><p>Kristin Cwalinski</p>
<div class="lb-trans"><p>Kristin Cwalinski</p>
</div><p>pineapple@kcsa.com</p>
<div class="lb-trans"><p>pineapple@kcsa.com</p>
</div><p><strong>Investor Relations:</strong></p>
<div class="lb-trans"><p><strong>投资者关系：</strong></p>
</div><p>KCSA Strategic Communications</p>
<div class="lb-trans"><p>KCSA 战略传播</p>
</div><p>Jack Perkins</p>
<div class="lb-trans"><p>Jack Perkins</p>
</div><p>pineapple@kcsa.com</p>
<div class="lb-trans"><p>pineapple@kcsa.com</p>
</div><p><strong>Follow us on social media:</strong></p>
<div class="lb-trans"><p><strong>关注我们的社交媒体：</strong></p>
</div><p>Instagram: @pineapplemortgage @empoweredbypineapple</p>
<div class="lb-trans"><p>Instagram: @pineapplemortgage @empoweredbypineapple</p>
</div><p>Facebook: Pineapple Mortgage</p>
<div class="lb-trans"><p>Facebook: Pineapple Mortgage</p>
</div><p>LinkedIn: Pineapple Mortgage</p>
<div class="lb-trans"><p>LinkedIn: Pineapple Mortgage</p>
</div><p>X (Formerly Twitter): @PAPLpineapple</p>
<div class="lb-trans"><p>X（前身为 Twitter）：@PAPLpineapple</p>
</div><p>To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277544</p>
<div class="lb-trans"><p>要查看本新闻稿的源版本，请访问 https://www.newsfilecorp.com/release/277544</p>
</div>

Pineapple Financial 推出了一个抵押贷款代币化平台，用于其 137 亿美元的投资组合，将真实的抵押贷款数据引入区块链