POSCO Tokenizes Trade Receivables on Avalanche Blockchain
Source Summary
South Korean trading company POSCO, valued at $22 billion, tokenized trade receivables on the Avalanche blockchain in partnership with Olea and Intain. The move follows a pilot program conducted by LG CNS on the Injective blockchain last month.
Why it matters
The transaction demonstrates enterprise adoption of blockchain tokenization for real-world trade finance assets by a major South Korean conglomerate.
