South Korean Trading Giant POSCO Brings Trade Receivables to Avalanche, Advancing Tokenization Push

August 26 news, according to CoinDesk, POSCO International, South Korea's largest trading company, tokenized its trade receivables on the Avalanche blockchain, completing a real-world asset on-chain transaction, a month after the company conducted a similar pilot on Injective. POSCO's U.S. subsidiary partnered with trade finance platform Olea and asset-backed fintech company Intain, which verified and recorded the receivables on its Avalanche-based Layer 1 network after using AI to reconcile invoices, purchase orders, and shipping documents. POSCO International has annual revenue of $22.2 billion, with operations spanning steel, energy, and battery materials, and runs over 80 overseas branches.