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POSCO Tokenizes Trade Receivables on Avalanche Blockchain
Technology

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.

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