POSCO International, South Korea's largest trading company, has completed a transaction tokenizing trade receivables on an Avalanche-based blockchain, in its latest test of blockchain technology for corporate finance.

The company's U.S. subsidiary carried out the transaction in partnership with Olea, a trade-finance platform, and Intain, an asset-backed finance firm. Intain used artificial intelligence to reconcile invoices, purchase orders, credit notes, and shipping documents before recording the verified receivables on its blockchain network. That verification step addresses one of trade finance's most persistent bottlenecks: receivables, the unpaid invoices a company is owed for goods already delivered, have traditionally required manual document checks spread across exporters, importers, banks, insurers, and logistics providers in a market that finances trillions of dollars in cross-border trade each year.

The transaction follows a similar pilot conducted by POSCO International with LG CNS, the IT services arm of South Korea's LG Group, on Injective in July 2026, in which receivables were issued, transferred, and settled on-chain. Injective is a blockchain built for financial applications, while Avalanche is a proof-of-stake network that has also hosted other institutional tokenization pilots, including tokenized funds run by major asset managers. Taken together, the two projects show the company is testing multiple blockchain networks for receivables financing.

POSCO International generated $22.2 billion in revenue and operates more than 80 overseas branches, with businesses spanning steel, energy, and battery materials.

The broader significance is that tokenization is moving beyond bonds and investment funds into trade finance, a segment that has historically been slower to digitize than securities markets, with paperwork dispersed across many counterparties and jurisdictions. On-chain records could reduce paperwork, improve transparency, and potentially give companies faster access to working capital.

POSCO, Olea, and Intain also plan to explore stablecoin-based cross-border settlement and digital treasury applications, an area where dollar-pegged stablecoins have already seen substantial use in payments.

The experiments point to a wider shift in institutional blockchain adoption: rather than replacing traditional financial assets, blockchain is increasingly being tested as infrastructure for moving, financing, and settling assets that already exist in the real economy. Both POSCO International transactions remain pilots, and what will determine their significance is whether on-chain receivables financing moves into routine corporate treasury operations or stays a series of isolated demonstrations.

Source: BitcoinKE