POSCO Tests Tokenized Trade Receivables on Injective With LG CNS

POSCO and LG CNS Test Tokenized Trade Receivables on Injective

POSCO said the shared-ledger portion of the project let headquarters, overseas subsidiaries and trading partners view the same transaction information in real time. The company said fragmented records previously required repeated checks during contracting and settlement.

For the receivables component, the companies said they validated a framework that could issue, transfer, settle, trade and manage claims created in actual trade as digital assets. The technical validation used Injective, which POSCO described as a blockchain network suited to the corporate-finance environment.

That makes this a different use case from tokenized fund shares. Daily Crypto Briefs recently reported that tokenized RWA deposits rose to $7.4 billion, largely through financial collateral and funds. POSCO’s test applies the same broad tokenization idea to a commercial claim tied to goods and payment terms.

It also follows other corporate blockchain settlement experiments in South Korea. Hyundai’s live $20,000 USDT transfer between U.S. and Mexican units used a stablecoin to move treasury funds. POSCO’s work concerns accounts receivable, which remain subject to the buyer’s obligation to pay and the terms attached to the underlying trade.

What the Trade-Finance Proof of Concept Actually Validated

POSCO said the test examined permission-based asset management, Know Your Customer checks, Anti-Money Laundering procedures, investor-eligibility screening and transfer restrictions. Those are control features that can determine who is allowed to hold or move a tokenized financial claim.

The companies also applied an AI agent to letters of credit and trade documents. POSCO said the agent was tested for its ability to read documents and flag errors before review, noting that a typo or missing clause in a letter of credit can delay or prevent payment.

The result does not show that those controls are already running at commercial scale, or that a blockchain record changes the legal enforceability of a receivable in every jurisdiction. Trade finance depends on contract terms, counterparties, banks and local rules as well as the record used to track the claim.

The emphasis on controlled access also distinguishes the project from a retail token listing. Daily Crypto Briefs’ report on Coinbase’s tokenized CUSHY credit fund similarly noted that a tokenized position can be a regulated or eligibility-limited financial product rather than a freely redeemable stablecoin.

POSCO Plans a Second-Half Pilot After the Injective Test

POSCO said it will finalize pilot-operation plans in the second half of 2026, focusing on functions where the proof of concept identified operational-efficiency improvements. It did not say whether those pilots will begin in 2026, which subsidiaries will join or whether the receivables will be financed by third parties.

CoinDesk reported that the test used receivables from live commercial activity rather than simulated transactions and described POSCO’s intent to move toward live production after the pilot. The official statement is more limited: it confirms a completed proof of concept and says pilot plans will be developed, not that production has begun.

The development gives Injective a named enterprise trade-finance reference, but INJ holders still lack the commercial details needed to measure revenue, fees, token demand or the value of assets that might ultimately be issued. The next concrete disclosure will be POSCO’s pilot design, including its legal structure, transaction scope, counterparties and settlement process.