TLDR
- POSCO International completed a tokenized trade receivables pilot using an Avalanche-based blockchain network.
- POSCO International America worked with Olea and Intain to carry out the live trade finance transaction.
- Intain used AI to verify invoices, purchase orders, credit notes, and shipping documents before blockchain registration.
- Olea purchased the tokenized receivables with real capital, making the pilot more than a simulated test.
- The Avalanche pilot followed POSCO’s July trial with LG CNS on the Injective blockchain.
- POSCO, Olea, and Intain plan to explore stablecoin-based cross-border settlements and digital treasury tools next.
POSCO International has completed a tokenization pilot using trade receivables on an Avalanche-based blockchain network. The trading company used live business records and real capital in the transaction, extending its work in digital trade finance. The pilot followed a test on Injective in July. Together, the projects show how POSCO is testing blockchain systems for receivables, settlement, and working capital.
POSCO Tokenization Expands to Avalanche
POSCO International America worked with trade finance platform Olea and asset-backed finance technology firm Intain. Intain operates a Layer-1 network built using Avalanche infrastructure and handled the digital registration of the receivables.
The process began with artificial intelligence tools checking invoices, purchase orders, credit notes, and shipping documents. Intain used the checks to match records and confirm the receivables before registering them on its blockchain network.
The shared ledger gives participants one record of ownership and payment status. That structure can reduce document checks and help companies seek financing without relying on several disconnected systems during the process.
Olea then purchased the tokenized receivables with actual capital. The company acts as both a trade finance platform and funding provider and is backed by SC Ventures, the innovation and venture arm of Standard Chartered.
Trade receivables represent money owed to a company after goods are delivered but before payment arrives. Businesses often borrow against these invoices, but traditional financing can require several parties to compare separate records.
POSCO Builds on Injective Pilot
POSCO International completed another receivables pilot with LG CNS on July 27. That project used the Injective blockchain to issue, transfer, and settle tokenized receivables tied to live trade activity.
The earlier test also relied on data from POSCO International’s overseas subsidiaries and their business partners. The company therefore used real transactions in both pilots rather than simulated trade records.
POSCO International reported $22.2 billion in revenue and operates more than 80 overseas branches. Its business covers steel, energy, battery materials, and other industrial sectors across several markets.
The Asian Development Bank has estimated the global trade finance gap at about $2.5 trillion. POSCO, Olea, and Intain said they plan to study more tokenized trade finance uses, including stablecoin-based cross-border settlement and digital treasury tools.
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