South Korea trading giant puts receivables onchain in tokenization test with LG CNS
POSCO International and LG CNS is tapping Injective network to tokenize live commercial invoices, another sign blockchain rails are moving deeper into corporate finance.
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Summary
- POSCO International is putting live trade receivables on the Injective blockchain in a pilot with LG CNS, aiming to speed up payments between its global subsidiaries.
- By placing receivables on a shared blockchain ledger, the companies aim to create a single, transferable record that embeds compliance rules and reduces reconciliation times for buyers, sellers and banks.
- The initiative, which POSCO plans to move into live production after the pilot, underscores South Korea’s growing corporate adoption of blockchain in areas such as trade finance, stablecoin-based treasury transfers and asset tokenization.
