Catenaa, Wednesday, July 29, 2026- South Korea’s POSCO International has launched a pilot project to tokenize live trade receivables on the Injective blockchain in partnership with LG CNS, testing how blockchain technology can improve payment processing and working capital management using real commercial transactions.
The initiative uses invoices generated from actual trade between POSCO’s overseas subsidiaries and their counterparties, making it one of the latest examples of blockchain technology being applied to day-to-day corporate finance rather than cryptocurrency trading or tokenized investment products.
POSCO International, South Korea’s largest trading company by revenue, is working with LG CNS, the technology arm of LG Group, to issue, transfer and settle trade receivables on the Injective blockchain.
Trade receivables represent money owed to a company after goods have been delivered but before payment is received. Traditionally, buyers, sellers and financing institutions maintain separate records, often requiring lengthy reconciliation before payments can be completed.
Under the pilot, receivables are recorded on a shared blockchain ledger, creating a single transferable digital record that incorporates compliance requirements and can be accessed by authorized participants.
POSCO said the proof-of-concept validates the use of blockchain technology with real trade data and processes. The company plans to move the initiative into live production after the pilot concludes later this year.
The project reflects growing interest in applying blockchain technology to trade finance, an industry that continues to rely heavily on manual documentation and fragmented recordkeeping.
By creating a shared digital record of commercial invoices, companies aim to reduce reconciliation times, improve transparency and accelerate settlement between buyers, sellers and financing partners.
The approach could also help businesses manage working capital more efficiently by making receivables easier to verify, transfer and finance.
The pilot adds to a series of blockchain initiatives by major South Korean companies.
Earlier this month, Hyundai began using stablecoins for internal treasury transfers between its operations in the United States and Mexico. Circle has also partnered with Kakao Group and Toss Bank to explore stablecoin payment infrastructure in South Korea.
LG CNS has previously participated in the Bank of Korea’s central bank digital currency pilot and has developed tokenization platforms for KOSCOM and Mirae Asset Securities.
While much of the digital asset industry’s recent attention has focused on tokenized funds, bonds and equities, the POSCO initiative highlights blockchain’s expanding role in corporate operations.
Rather than tokenizing investment products, the pilot applies blockchain to commercial invoices generated through everyday business transactions.
If successful, the model could reduce administrative costs, shorten payment cycles and improve access to trade finance by providing all parties with a single, verifiable record of receivables.
The project also underscores the growing role of blockchain infrastructure in modernizing business processes beyond the financial markets.
Tokenization converts ownership rights or financial claims into digital assets recorded on a blockchain. While early adoption centered on cryptocurrencies and, more recently, tokenized securities and investment funds, companies are increasingly exploring the technology for operational assets such as invoices, trade receivables and supply chain documentation. Industry estimates place the tokenized real-world asset market at about $35 billion, with forecasts suggesting significant growth over the coming decade as blockchain becomes more deeply integrated into global commerce and finance.
