POSCO International is working with LG CNS and Injective on a blockchain-based trade finance pilot that tokenizes real accounts receivable on-chain. The South Korean trading company said the test showed the technology can be used in live trade scenarios, and it plans to move the system into production later this year. The platform is designed to create a shared ledger for buyers, sellers, and financing institutions, replacing fragmented invoice records and cutting repeated checks in cross-border trade. The tokens in the pilot represent debt claims tied to unpaid receivables rather than equity in the company. POSCO International has not disclosed the volume processed in the test or any data on cost savings.
POSCO International is testing a blockchain-based trade finance system with LG CNS and Injective, using tokenized real accounts receivable on-chain.
The South Korean trading company said the pilot confirmed the technology can work in actual trade operations. It plans to put the system into production later this year.
The system is intended to create a shared ledger for buyers, sellers, and financing institutions, replacing fragmented invoice records and reducing repeated verification in cross-border trade.
According to the report, the tokens represent claims on unpaid debt rather than shares in the company. The company has not disclosed processing volume or cost-saving figures at this stage.
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