POSCO and LG CNS Pilot Trade Receivables Tokenization on Injective

South Korean firms POSCO International and LG CNS launch a proof of concept on Injective to tokenize trade receivables, aiming to slash settlement times from days to seconds using real trade flows.

Woofun AI reports that POSCO International and LG CNS have initiated a proof of concept for tokenizing trade receivables on the Injective network. The pilot utilizes actual trade flows from POSCO International, a major trader with over $22 billion in annual revenue, to transform receivables into on-chain real-world assets. This process allows approval entities to verify, transfer, and settle transactions on a shared ledger, reducing settlement duration from days to seconds. LG CNS, which has previously led central bank digital currency pilots, supports the technical infrastructure.