South Korea's POSCO Tokenizes Trade Receivables on Avalanche

POSCO's Tokenization Pilot

POSCO, South Korea's largest steel and trading conglomerate, tokenized trade receivables on Avalanche as part of a pilot program. The transaction involved Olea, which is backed by Standard Chartered, and Intain, according to reports from both CoinDesk and Crypto Briefing. This marks the company's second blockchain trade finance experiment in recent weeks, following an Injective pilot conducted with LG CNS last month.

Why Trade Receivables Matter for Blockchain

Tokenizing trade receivables—claims owed by buyers to sellers—can reduce settlement friction and improve transparency in cross-border commerce. Crypto Briefing notes the global trade finance gap stands at approximately $2.5 trillion, a market where blockchain-based settlement and collateral management could compress time and counterparty risk. POSCO's pilot tests whether major corporates can use public blockchains to issue and manage these instruments directly, bypassing traditional banking intermediaries.

Broader Corporate Adoption Trend

The POSCO experiments reflect a wider pivot by Asian conglomerates and financial institutions toward on-chain tokenization of real-world assets. By running pilots on both Injective and Avalanche, POSCO is evaluating which blockchain layers and partner ecosystems best fit its operational and compliance requirements. Neither source disclosed the size or tenor of the tokenized receivables, the settlement timeline, or whether POSCO plans to scale the pilot into production.