POSCO International Tests Blockchain-Based Trade Finance with Tokenized Receivables

POSCO International, the trading arm of South Korea-based POSCO Holdings, has successfully completed a pilot project to tokenize real-world trade receivables on the Avalanche blockchain.

The initiative involved actual trade receivables and real capital, setting it apart from experimental projects based solely on simulated transactions.

Olea, a trade-finance platform backed by SC Ventures, purchased the tokenized receivables, providing a practical test of blockchain-based financing for commercial transactions.