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POSCO International and LG CNS tap Injective for invoice tokenization

POSCO International and LG CNS tap Injective for invoice tokenization

The South Korean companies are testing permissioned tokens for live trade receivables across POSCO International’s global network, with a pilot framework targeted for finalization in the second half of 2026.

INJ

Fact Check
Three independent news reports (CoinDesk as the originating source, plus Crypto Briefing and CryptoNews) consistently describe the same pilot: POSCO International and LG CNS tokenizing real trade receivables from POSCO's global subsidiaries on Injective, with a move to live production targeted after the test. The specifics — subsidiaries' receivables, Injective network, and post-pilot production plans — match the claim precisely. No primary POSCO/LG CNS/Injective announcement was located via search, and no conflicting evidence surfaced, which slightly tempers confidence but the reporting is uniform and detailed.
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Summary

POSCO International and LG CNS are running a trade-finance pilot on Injective that tokenizes live receivables generated from actual commercial activity across POSCO International’s overseas operations. The project uses real trade data rather than test inputs and is designed to create a shared ledger for authorized participants, with receivables issued as permissioned tokens that can be held, transferred and settled onchain under controls managed by POSCO International’s finance teams. The companies said the approach is aimed at fixing a common trade-finance bottleneck: receivables are typically tracked separately by subsidiaries, banks and counterparties, which slows reconciliation and delays access to cash. By putting the receivable on a single shared record, the token can carry compliance rules across jurisdictions while giving approved parties a common view of ownership and status. POSCO International said it plans to finalize a pilot operating framework in the second half of 2026 and then apply it to actual business operations in phases. POSCO International, which reported $22.2 billion in revenue, operates more than 80 overseas branches across steel, energy and battery materials. LG CNS, the IT arm of LG Group, is providing enterprise technology support, while Injective supplies the blockchain infrastructure. The companies said Injective was selected because its real-world asset module embeds compliance controls at the protocol level, including identity verification and rules on who can hold or transfer an asset, alongside sub-second block production and instant transaction finality. The initiative adds to a broader expansion in enterprise tokenization. JPMorgan’s Kinexys platform has processed more than $3 trillion in cumulative transactions, and Citi has tested private-market tokenization on a public chain with Wellington Management and Wisdomtree. LG CNS has also built digital-currency infrastructure for more than 220 local governments, contributed to the Bank of Korea’s CBDC pilot and operates security-token platforms for KOSCOM and Mirae Asset Securities.

Terms & Concepts
  • real-world asset module: A blockchain feature set designed to represent traditional assets onchain while enforcing rules such as identity and transfer restrictions.
  • tokenized receivables: Trade-payment claims converted into blockchain-based digital records so they can be tracked, transferred and settled more efficiently.
  • instant transaction finality: A network property in which a confirmed transaction is considered complete and not subject to later reversal.