POSCO International and LG CNS Pilot Trade Receivable Tokenization on Injective

POSCO International and LG CNS launch a pilot to tokenize trade receivables on Injective, aiming to streamline global subsidiary payments and shorten accounting cycles via shared blockchain ledgers.

Woofun AI reports that POSCO International has partnered with LG CNS to pilot the tokenization of trade receivables on the Injective network. The initiative seeks to accelerate payment processes across POSCO’s global subsidiaries by establishing a unified blockchain ledger for buyers, sellers, and banks, allowing compliance rules to transfer with assets and potentially reducing multi-day accounting cycles.