CoinDesk says South Korean trading giant POSCO has brought trade receivables to Avalanche in a new tokenization transaction. The $22 billion company worked with Olea and Intain on the deal. CoinDesk also noted that POSCO ran an Injective pilot with LG CNS last month.

Injective said its institutional services arm has registered with the U.S. Securities and Exchange Commission as a securities transfer agent, a status the company described as a first for a Layer 1 blockchain. The registration allows the unit to provide regulated ownership recordkeeping, transfer, distribution, and shareholder management services for securities. According to Injective, the approval covers four tokenized asset categories already live on the network: institutional funds, publicly listed equities, private company shares, and corporate receivables. The company also said the framework lets those processes run on distributed ledger infrastructure while remaining compliant with U.S. securities rules. Separately, Injective has launched markets tied to digital asset treasury companies, public stocks, and private company shares including SpaceX and OpenAI, and it has rolled out the tokenized asset issuance platform Injective Mint Alpha. In July, POSCO International and LG CNS selected Injective for a trade finance pilot focused on tokenizing receivables generated from international trade and handling transfer, management, and settlement.

Real-world asset markets kept expanding in the week covering July 24 to July 31, 2026, even as stablecoin settlement activity remained weak. Data from RWA.xyz showed on-chain RWA market capitalization reached $36.82 billion as of July 31, up 2.43% from a month earlier, while the number of holders climbed to 1.4469 million, a 40.81% monthly increase and the largest monthly gain on record. In stablecoins, total market capitalization was largely unchanged at $296.63 billion, but monthly transfer volume dropped 29.29% to $5.07 trillion, extending a sharp slowdown in on-chain settlement demand. Regulation also moved across several jurisdictions. South Korea advanced work on a comprehensive digital asset bill that would cover stablecoin issuance and exchange standards, while lawmakers are also set to review an opposition proposal to scrap a crypto tax scheduled for 2027. Kenya lowered the minimum paid-up capital requirement for stablecoin issuers by 40% to about $2.32 million, and Zimbabwe approved seven crypto and tokenization projects for its regulatory sandbox. On the industry side, the Bank for International Settlements-led Project Agorá completed a live cross-border payment test worth about $1 million across six currencies with five central banks and 28 commercial banks. In Europe, 10 financial institutions formed the Regulated Layer One cooperative, or RL1, to build tokenized asset infrastructure for regulated markets. Ondo Finance also introduced Ondo Network, a new execution layer that replaces the prior Ondo Chain direction.

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.

Bitget UEX’s latest market note said easing tensions between the United States and Iran helped push crude prices sharply lower, cooling some of the inflation and rate-hike concerns that had built up during the previous oil rally. The report said the shift improved risk appetite across markets, with crypto recovering alongside other risk assets. BTC traded around $65,195 and ETH around $1,974, while total crypto market capitalization rose to roughly $2.31 trillion. In liquidation data, 24-hour liquidations reached about $213 million, including $160 million in short liquidations. The note also reviewed a mixed close in US equities last Friday. The Dow and S&P 500 ended slightly higher, while the Nasdaq slipped, reflecting continued pressure on technology shares. Apple rose 3.53%, while Nvidia, Amazon, Meta and Tesla fell. Sector performance was uneven as semiconductor, memory and optical communications names sold off, while some software stocks outperformed. Looking ahead, the report highlighted this week’s major macro events, including the Federal Reserve’s rate decision, US core PCE and GDP data, along with earnings from Apple, Meta, Amazon, Microsoft, Qualcomm and SK Hynix.

POSCO International, one of South Korea’s major trading companies, has started a pilot project with LG CNS to test the tokenization of trade receivables on the Injective blockchain. The trial uses real trade data from POSCO International’s overseas business and brings issuance, transfer and settlement of receivables onto a shared ledger. The companies say the setup is designed to cut the time spent on reconciliation and verification in cross-border trade, where buyers, sellers and financial institutions typically keep separate records. According to the report, POSCO International generated $22.2 billion in annual revenue and operates across steel, energy and battery materials. A company spokesperson said the pilot is meaningful because it is built on real trade databases and processes, and because it tests the applicability of combining artificial intelligence with blockchain. The plan is to move the project into a live production environment after the pilot is completed this year. The article also places the project in the broader RWA tokenization trend. It cites a current market size of $35 billion and a Citi estimate that the market could reach $5.5 trillion by 2030, while noting that tokenization is expanding from funds and equities into trade finance.

Bitget has listed four stock perpetual contracts tied to CPNG, PKX, MUFG, and TM, according to an official announcement cited by ChainCatcher. The exchange said the move is intended to meet users’ diversified investment needs. All four contracts are settled in USDT, offer leverage of up to 20x, and are available for trading on a 24/7 basis. The newly listed names correspond to Coupang, POSCO, Mitsubishi UFJ Financial Group, and Toyota Motor.