POSCO International and LG CNS pilot live trade receivables on Injective blockchain

POSCO International, South Korea’s largest trading company by revenue, has launched a proof-of-concept with LG CNS to tokenise real commercial receivables on the Injective layer-1 blockchain. The pilot uses live invoices generated by POSCO’s overseas subsidiaries and their counterparties, rather than synthetic data, with the goal of creating a single transferable ledger record that carries compliance rules alongside the asset itself and reduces the multi-day reconciliation cycles that currently separate buyers, sellers and banks.

The practical ambition is to accelerate working capital release across POSCO’s global operations, which span steel, energy and battery materials and generated $22.2 billion in revenue last year. By embedding settlement logic and compliance parameters directly into the tokenised receivable, the arrangement aims to give financing partners a shared, authoritative view of the asset rather than reconciling separate internal records. POSCO has indicated it intends to move from pilot to live production before the end of this year.

The initiative extends a broader pattern of South Korean corporate blockchain adoption. Hyundai recently began using stablecoins for treasury transfers between its United States and Mexico operations, and Circle has partnered with Kakao Group and Toss Bank on stablecoin payment infrastructure. LG CNS brings relevant institutional credentials, having previously contributed to the Bank of Korea’s central bank digital currency (CBDC) pilot and having built tokenisation platforms for KOSCOM and Mirae Asset Securities.

The wider market context frames the significance: the tokenised-asset market has reached roughly $35 billion across all asset classes, driven largely by funds and equities from managers such as BlackRock, Franklin Templeton and Apollo. Trade finance represents a different surface area, anchored in real commercial obligations rather than financial instruments, and the POSCO pilot suggests corporate treasury and supply-chain workflows are becoming a distinct growth vector for onchain settlement infrastructure.