POSCO International Brings Real Receivables Onchain POSCO International, the trading arm of South Korea's steel and industrial conglomerate POSCO Holdings, completed a pilot tokenizing real t
POSCO International, the trading arm of South Korea's steel and industrial conglomerate POSCO Holdings, completed a pilot tokenizing real trade receivables on the Avalanche (@avax) blockchain on August 25. The transaction was carried out in partnership with trade finance platform Olea and asset-backed finance technology firm Intain.
Trade finance firm Olea, backed by Standard Chartered's venture arm SC Ventures, bought the receivables with actual capital.POSCO International America, the company's US subsidiary, partnered with Intain, which operates a Layer-1 network built on Avalanche's infrastructure.
Intain used artificial intelligence to reconcile and verify trade documents before recording the receivables on a shared ledger designed to reduce paperwork and accelerate financing. Documents verified included invoices, purchase orders, credit notes, and shipment records. Once verified, the receivables were registered on Intain's network, creating an immutable ledger of ownership and transaction history.
POSCO International is pushing deeper into tokenized trade finance, having completed this transaction just one month after a similar pilot on Injective. The back-to-back experiments point to a deliberate strategy rather than a one-off test.
Companies are increasingly testing blockchain rails for payments, collateral, and trade finance, where faster settlement and shared records could free up working capital locked in traditional processes.POSCO, Olea, and Intain said they plan to explore further tokenized trade finance applications, including stablecoin-based cross-border settlement and digital treasury tools.
For Avalanche, the deal adds another enterprise name to a growing list of institutional users deploying its infrastructure for real-world asset tokenization, a segment that has moved well beyond proof-of-concept territory.
Sources:CoinDesk: South Korea trade giant POSCO brings trade receivables to AvalancheCrypto Briefing: POSCO tokenizes trade receivables on Avalanche blockchain
