Onchain trade finance now has its first pilot, and it ran on Injective. POSCO International, South Korea's largest trading company, and LG CNS, the IT services arm of LG Group, selected the layer 1 blockchain for the project.

The pilot successfully completed a transaction using trade receivables — claims to payment that businesses hold for goods already delivered — generated through real commercial activity. AI agents reviewed Letters of Credit, the payment guarantees widely used to secure payment between exporters and importers, along with supporting trade documents during the process, after which the receivables were issued as programmable, permissioned onchain assets, with compliance controls embedded directly into the infrastructure.

Injective shared the details in a post on X on September 20, describing the work as breaking new ground in tokenization. According to the network, its approach combines purpose-built RWA infrastructure, AI-powered finance, and regulatory rails on one unified network, and the pilot forms part of that broader effort.

ICYMI: Injective is breaking new ground in tokenization by bringing purpose-built RWA infrastructure, AI-powered finance, and regulatory rails together on one unified network. South Korea's largest trading company, POSCO International, and LG CNS recently selected Injective as… pic.twitter.com/o8heyzCUOs

— Injective (@injective) September 20, 2026

According to Injective, the pilot demonstrated what its infrastructure can power: programmable tokenized receivables, compliance controls, and regulated issuance rails. The list also covers AI-assisted trade document review and institutional-grade onchain financial infrastructure. Together, these features supported the receivables issued during the transaction.

The addressable market is substantial. Trade finance supports more than $5 trillion in annual financing globally, according to the post — money that keeps commerce moving between exporters and importers, often bridging the gap between shipping goods and getting paid. Injective said bringing these workflows onchain opens the door to modernizing one of the world's largest financial markets, with faster settlement, greater programmability, and entirely new forms of RWA issuance cited as benefits. Embedding compliance directly into the infrastructure underpins that appeal, since the receivables were issued as permissioned assets whose transfer stays within the embedded rule set.

The network also emphasized that trade finance is only one part of the story. The same announcement turned to broader real-world asset developments alongside the pilot, including a regulatory registration and a growing range of tokenized assets.

SEC Registration and Expanding RWA Footprint

Injective is now an SEC-registered transfer agent, the role responsible for maintaining official ownership records of securities. According to the network, the status makes it the first layer 1 blockchain to combine native RWA infrastructure with regulated recordkeeping. Transfer agent recordkeeping is a capability required by U.S. capital markets, and the registration was disclosed in the same post as the trade finance update.

That infrastructure has also helped bring more than $1 billion in real estate mortgages onchain, a figure the network said further expands its footprint across real-world assets. To date, Injective has brought a growing range of assets onchain, including institutional funds, public equities, trade receivables, and real estate mortgages. Trade receivables joined the list through the recent pilot with POSCO International and LG CNS, and the network has also listed pre-IPO exposure to companies such as SpaceX and OpenAI.

Injective said its goal extends beyond tokenizing individual assets. The network is building a full stack for compliant internet capital markets, covering issuance, trading, settlement, compliance, recordkeeping, and AI-powered onchain financial workflows. The stack runs on a single purpose-built network designed for the world's largest financial institutions and everyday users alike.

Injective added that new RWAs and deployments are coming soon, though no was given. For a market of this size, the scope and timing of those follow-on launches will be the clearest signal of whether trade receivables become a recurring asset class on the network.

Source: Blockonomi