POSCO International and LG CNS have begun a high‐profile pilot project to move live trade receivables onto the Injective blockchain, in what is being presented as one of South Korea’s most advanced real‐world asset tokenisation trials to date.
The initiative sees POSCO International’s actual accounts receivable from its overseas subsidiaries converted into permissioned tokens on Injective, rather than using synthetic or test data. The companies say this is designed to mirror real trading activity and to demonstrate how blockchain can handle large‐scale, cross‐border commercial flows.
POSCO International, one of South Korea’s largest trading houses, generated $22.2bn (£17.3bn) in revenue and operates more than 80 overseas branches spanning steel, energy and battery materials. LG CNS, the IT services arm of LG Group and one of the country’s biggest technology firms, completed South Korea’s largest initial public offering since 2022 when it listed in February 2025.
How the pilot works
Under the pilot, receivables owed to POSCO International are issued as permissioned tokens on the Injective blockchain. Only authorised entities are allowed to hold or transfer these tokenised assets, with settlement taking place directly onchain under oversight and control from POSCO International’s finance teams.
At present, the companies note, trade receivables are typically tracked separately by individual subsidiaries, banks and trading partners, which can slow reconciliation and delay when firms are able to access cash. By placing the receivable on a single shared ledger, the record becomes one unified object visible to all approved parties.
Compliance rules are embedded with each token so that checks and controls follow the asset from one jurisdiction to another. This is intended to ensure consistent anti‐money laundering and regulatory screening as the receivable is transferred or used as collateral across borders.
Why Injective was selected
POSCO International and LG CNS opted for Injective instead of a general‐purpose blockchain, citing its design for regulated financial applications and real‐world assets. Injective’s real‐world asset module integrates compliance functions at protocol level, so identity checks and rules specifying who can hold or move a given token are enforced by the blockchain itself.
The network is configured to finalise transactions almost instantly, with blocks produced in under a second. It uses an onchain order book intended to mitigate front‐running risks. According to the companies, these technical characteristics are critical when tokenising receivables that represent real sums of money owed and when settlements need to occur at scale and with minimal latency.
“This PoC is significant in that it validated the applicability of AI and blockchain technology based on real trade data and processes,” a POSCO International spokesperson said. “We plan to finalize a pilot operation framework in the second half of this year, centered on areas where operational efficiency gains were confirmed, and will apply them to actual business operations in a phased manner.”
LG CNS’s wider digital finance role
LG CNS has been deeply involved in South Korea’s digital finance and tokenisation infrastructure. The company has supplied digital currency systems to more than 220 local governments and has taken part in the Bank of Korea’s central bank digital currency (CBDC) pilot.
It also operates security token platforms for KOSCOM and Mirae Asset Securities, extending its footprint in regulated digital assets. In March 2026, LG CNS partnered with Palantir to roll out enterprise AI across the wider LG Group, underscoring its push to combine data, artificial intelligence and blockchain in large‐scale commercial settings.
Global momentum behind tokenisation
The POSCO International–LG CNS project comes amid a marked acceleration in enterprise‐level tokenisation worldwide. JPMorgan’s Kinexys platform has processed more than $3tn in cumulative transactions, while Citi has run private‐market tokenisation trials on a public blockchain in partnership with Wellington Management and Wisdomtree.
South Korea is regarded as one of the most active markets in this area, and the new pilot extends tokenisation into the trade receivables that underpin much of global commerce. The two companies say their longer‐term aim is to build a unified trade framework across all POSCO International subsidiaries, offering settlement times shorter than today’s multi‐day cycles and ensuring that compliance obligations remain attached to the asset wherever it moves.
“Injective was built for regulated finance to run onchain, and a pilot of this scale is exactly what it was designed to carry,” Injective co‐founder Eric Chem said. “When South Korea’s largest trading company and LG CNS choose Injective for live trade receivables, it demonstrates Injective’s ability to move real capital markets onchain.”
