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POSCO International and LG CNS test tokenization of invoices on the Injective network

- POSCO International and LG CNS are testing tokenization of real commercial invoices on the Injective network.
- The project uses blockchain technology to convert accounts receivable into tokens.
- This is a sign that blockchain is making deeper inroads into corporate finance.
- The application could be expanded to tokenization of other financial assets.
#BinanceSquare #CryptoNews #POSCO #LGCNS #Injective Tokenization BlockchainFinance

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Source: CoinDesk

⛓️ POSCO INTERNATIONAL TOKENIZES REAL TRADE RECEIVABLES ON INJECTIVE! 🌍🚢

🏗️ RWA Tokenization Pilot
POSCO International (which generated $22.2 billion in revenue last year) has begun tokenizing live operating accounts receivable from commercial activities on the Injective blockchain in a pilot project developed together with LG CNS.

📊 Efficiency and Integrity in the Supply Chain
The pilot uses real accounts receivable derived from POSCO’s international trade with its counterparties.

According to the companies, a shared blockchain ledger establishes a unique and transferable record with built-in regulatory compliance rules, with plans to scale this solution to production.

#Injective #POSCO #LGCNS #Tokenization #BinanceSquare
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