South Korean Giants LG CNS and POSCO International Implement Real-Time Trade Transaction Data on Injective Blockchain
South Korean conglomerates POSCO International and LG CNS have launched a pilot project to tokenize real trade accounts receivable on the Injective blockchain, using actual commercial data from POSCO's overseas subsidiaries. POSCO International, a major trading firm with over $22 billion in revenue, and LG CNS, a leading IT services provider, are testing this as an advanced real-world asset (RWA) initiative in Korea.
The pilot issues POSCO's receivables as permissioned tokens on Injective. Authorized parties can hold and transfer these assets, with settlements executed on-chain. This moves away from the current fragmented tracking by subsidiaries, banks, and counterparties—which slows reconciliation and delays cash access—to a single shared ledger. Compliance rules are embedded with the tokens, enabling uniform checks across jurisdictions.
Injective was chosen for its native real-world asset module, which enforces regulatory compliance at the protocol level. Its fast transaction finality (under one second per block) and built-in order book designed to prevent front-running were cited as essential for tokenizing real monetary claims.
The companies aim to build a unified infrastructure for inter-subsidiary trade, enabling faster settlements than the current multi-day cycle and border-agnostic compliance. POSCO plans to refine the pilot structure in the second half of the year for real business application. This project is part of a global acceleration in enterprise tokenization, with Korea being a particularly active market.
cryptonews.ru10 saat önce
