POSCO brings trade receivables to Avalanche in tokenization deal

South Korean trading company POSCO has brought trade receivables onto the Avalanche blockchain in its latest tokenization initiative, according to CoinDesk. The $22 billion company completed the transaction with blockchain-focused firms Olea and Intain. The move adds to recent activity involving the tokenization of trade-finance assets and follows a pilot on Injective conducted with South Korean technology company LG CNS last month. The transaction links POSCO’s trade receivables with Avalanche, adding another institutional use case to the network while highlighting continued experimentation with blockchain-based representations of traditional financial assets. The companies did not provide further transaction details in the supplied report, including the value of the receivables or the structure of the tokenized assets.