POSCO International and LG CNS Tokenize Live Trade Receivables on Injective Blockchain
South Korean trading company POSCO International and technology firm LG CNS have launched a pilot project to tokenize live trade receivables on the Injective blockchain. The companies aim to create a unified framework for trade across all subsidiaries, with settlement faster than the current multi-day cycle and compliance that remains attached to the asset across borders.
The pilot uses actual commercial data from POSCO International's overseas subsidiaries, rather than test inputs, and has issued permissioned tokens on the Injective blockchain. Authorized parties can hold and transfer the assets, and settlement occurs onchain under controls managed by POSCO International's finance teams.
According to a media statement, receivables are currently tracked separately by subsidiaries, banks, and counterparties, slowing reconciliation and delaying access to cash. By placing the receivable on a shared ledger, the record becomes a single object, and compliance rules travel with the token to ensure consistent checks across jurisdictions.
Injective was chosen over general-purpose blockchains because its real-world asset module embeds compliance at the protocol level, with identity verification and rules governing who can hold or move an asset enforced by the chain itself. The network finalizes transactions instantly, produces blocks in under a second, and uses an onchain order book designed to prevent front-running.
POSCO International plans to finalize its pilot operation framework in the second half of 2026 for a phased rollout across global operations.