CoinDesk·4 min read·medium
South Korea trading giant puts receivables onchain in tokenization test with LG CNS
K
Krisztian Sandor
✦AI Summary
POSCO International is partnering with LG CNS to tokenize trade receivables on the Injective blockchain. This pilot aims to streamline the settlement process for real-world trade data, reducing the time and complexity of financial reconciliation.
The company, which generated $22.2 billion in revenue last year from businesses spanning steel, energy and battery materials, is working with LG CNS, the technology arm of LG Group, to issue, transfer and settle receivables on layer-1 blockchain Injective INJ $ 4.9980 , the firms told CoinDesk in a press briefing.
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