POSCO International tokenizes trade receivables on Injective
In brief
- POSCO International tokenizes real trade receivables on Injective with LG CNS, moving beyond simulations to live data
- Blockchain embeds compliance rules into tokenized assets, creating unified settlement records
- Production deployment planned after pilot completion later this year
Real trade, real blockchain
POSCO International generated $22.2 billion in revenue last year from businesses spanning steel, energy, and battery materials. The company is working with LG CNS, the technology arm of LG Group, to issue, transfer, and settle receivables on layer-1 blockchain Injective. What sets this pilot apart: it's using receivables generated by real trade between POSCO's overseas operations and their counterparties. Not a test. Not simulated data.
Putting receivables on a shared blockchain ledger creates a single record that can be transferred and settled while carrying compliance rules with the asset itself. That matters for corporate finance, where fragmented ledgers and manual settlement create friction at scale.
Tokenization momentum
The market for tokenized assets has grown to a current size of $35 billion, while Citi estimates the market could reach $5.5 trillion by 2030. POSCO's move sits alongside a wave of corporate blockchain adoption. Asset managers including BlackRock, Franklin Templeton, Apollo, Fidelity, Janus Henderson, and Mubadala Capital have brought funds onchain. Carmaker Hyundai has begun using stablecoins for internal treasury transfers between its U.S. and Mexico operations. Stablecoin issuer Circle recently partnered with Kakao Group and Toss Bank to explore stablecoin payment infrastructure.
LG CNS brings institutional pedigree to the effort. The firm has previously worked on the Bank of Korea's central bank digital currency pilot and operates tokenization platforms for KOSCOM and Mirae Asset Securities. POSCO plans to expand the initiative into live production after completing the pilot later this year.
