Key Highlights
- POSCO International finished a pilot program for tokenized trade receivables on an Avalanche-based blockchain platform.
- The trial involved POSCO International America collaborating with Olea and Intain for a real-world trade finance transaction.
- Artificial intelligence technology from Intain validated invoices, purchase orders, credit notes, and shipping documentation prior to blockchain recording.
- Olea acquired the tokenized receivables using actual funds, transforming the pilot into a genuine financial transaction.
- This Avalanche initiative came after POSCO’s receivables test with LG CNS on Injective blockchain in July.
- Future initiatives from POSCO, Olea, and Intain will examine stablecoin-powered international settlements and digital treasury solutions.
POSCO International has finalized a tokenization trial featuring trade receivables on an Avalanche-based blockchain network. The global trading firm deployed authentic business documentation and genuine capital throughout the process, advancing its digital trade finance initiatives. This trial builds upon an Injective platform experiment conducted in July. Both initiatives demonstrate POSCO’s strategic exploration of blockchain infrastructure for receivables management, settlement operations, and working capital optimization.
Avalanche Platform Hosts POSCO Tokenization Trial
POSCO International America partnered with trade finance platform Olea alongside asset-backed finance technology provider Intain. The digital registration of receivables took place on Intain’s Layer-1 network, which operates on Avalanche infrastructure.
The workflow started with artificial intelligence systems examining invoices, purchase orders, credit notes, and shipping documentation. Intain deployed these verification tools to cross-reference records and authenticate the receivables before recording them on its blockchain platform.
The distributed ledger provides all participants with a unified record tracking ownership and payment status. This framework can minimize document verification requirements and enable companies to access financing without navigating multiple disconnected platforms throughout the procedure.
Olea subsequently acquired the tokenized receivables using real capital. The firm functions as both a trade finance platform and capital provider, receiving support from SC Ventures, Standard Chartered’s innovation and venture division.
Trade receivables signify amounts owed to a business following goods delivery but preceding payment receipt. Companies frequently secure loans against these invoices, though conventional financing often demands multiple parties to reconcile disparate records.
Injective Blockchain Pilot Precedes Avalanche Trial
POSCO International concluded a separate receivables pilot with LG CNS on July 27. That initiative leveraged the Injective blockchain to create, transfer, and settle tokenized receivables connected to actual trade operations.
The July experiment similarly utilized data from POSCO International’s international subsidiaries and their commercial partners. The company incorporated genuine transactions in both pilots instead of simulated trade data.
POSCO International generated $22.2 billion in revenue and maintains more than 80 international offices. The company’s operations span steel, energy, battery materials, and additional industrial segments across multiple regions.
The Asian Development Bank has calculated the worldwide trade finance gap at approximately $2.5 trillion. POSCO, Olea, and Intain announced their intention to examine additional tokenized trade finance applications, encompassing stablecoin-powered international settlement systems and digital treasury management platforms.
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