POSCO International, South Korea's largest trading conglomerate ($22.2B revenue), is tokenizing real commercial receivables on Injective blockchain in partnership with LG CNS to test on-chain issuance, transfer, and settlement.
Tech & Launches ·
POSCO International, a South Korea-based trading conglomerate with $22.2 billion in revenue, has selected Injective as the blockchain for tokenizing commercial receivables, partnering with LG CNS on the initiative. Unlike theoretical demonstrations, the project involves transferring actual invoices from real business transactions onto Injective to test on-chain issuance, transfer, and settlement workflows.
If successful, the settlement process between enterprises and their counterparties could accelerate, increase transparency, and eliminate intermediary steps. The deployment signals a shift in Injective's adoption pattern—moving beyond tokenization announcements toward concrete use cases implemented by established corporations rather than startups or speculators.
The practical viability of the system remains to be proven; no timeline for pilot completion or scaling has been disclosed. The extent to which operational friction or regulatory requirements might constrain wider enterprise adoption of the approach also remains unknown.