POSCO International Tests Tokenizing Receivables on Injective Blockchain
POSCO International is piloting a project to tokenize live trade receivables on the Injective blockchain in collaboration with LG CNS, according to CoinDesk. The initiative aims to facilitate quicker payments within its global operations by creating a shared, compliant record of receivables, enhancing efficiency in the corporate finance sector.
POSCO International, South Korea's largest trading company, has initiated a pilot project to tokenize live trade receivables using the Injective blockchain, in partnership with LG CNS, the technology arm of LG Group. The project aims to expedite payments among the company's global subsidiaries, which generated $22.2 billion in revenue last year.
By moving trade receivables to a blockchain ledger, the companies seek to establish a single record that incorporates compliance regulations and simplifies the reconciliation process for involved parties, including buyers, sellers, and banks. Currently, trade receivables are typically monitored separately by these entities, which can result in lengthy delays before payments are processed.
"This proof of concept is significant in that it validated the applicability of AI and blockchain technology based on real trade data and processes," said a POSCO International spokesperson. The firm plans to expand the initiative into full production after the pilot concludes later this year.
This tokenization move reflects a broader trend in the industry, where attention has increasingly turned to tokenizing various assets beyond traditional funds and equities. The market for tokenized assets has rapidly expanded, currently valued at approximately $35 billion and projected by Citi to potentially reach $5.5 trillion by 2030.
Trade finance stands out as a promising application of blockchain technology. Tokenizing receivables allows businesses to leverage real commercial obligations, thereby efficiently managing working capital with enhanced transparency for banks and financing partners. South Korea has emerged as a frontrunner in corporate blockchain adoption, with other companies, such as Hyundai, exploring the use of stablecoins for treasury transfers across regions.
As firms like POSCO and LG CNS explore blockchain applications in trade finance, the implications for efficiency and speed in payment processing could foster further innovations in the sector.
Summary based on original reporting by Krisztian Sandor at CoinDesk, originally published Jul 27, 2026. SolanaWire does not republish source content.
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