LG CNS and POSCO International test tokenization of live trade receivables on Injective blockchain

POSCO International, the South Korean trading giant that pulled in $22.2 billion in revenue last year, is putting actual trade receivables on a blockchain. Not simulated ones. Not hypothetical test data. Real commercial invoices from real global subsidiaries, tokenized on the Injective network through a partnership with LG CNS. The pilot was announced during a joint press briefing by POSCO and LG CNS, with both companies confirming a timeline to advance the solution to live production in 2026. What the pilot actually does POSCO’s pilot aims to create a unified, transferable onchain record for each receivable, carrying its own compliance data, ownership history, and settlement instructions. Instead of emailing PDFs and reconciling spreadsheets across time zones, everyone looks at the same shared ledger. The goal is to reduce what are currently multi-day reconciliation cycles between counterparties and banking institutions. For a company operating at POSCO International’s scale, across dozens of global subsidiaries, even shaving a day or two off settlement times translates to meaningful improvements in working capital management. LG CNS has led key phases of Korea’s wholesale central...