POSCO Brings $22B Trade Finance Into Avalanche Tokenization Push
TL;DR:
- POSCO International America completed a real-world pilot tokenizing trade accounts receivable on a Layer 1 network built on Avalanche.
- The transaction featured the participation of trade finance firm Olea and asset-backed platform Intain.
- The South Korean trading giant reports an annual global turnover of approximately $22.2 billion across sectors such as steel and energy.
Official sources from South Korean trading giant POSCO International confirmed this Tuesday the completion of the digitization of its trade accounts receivable via Avalanche tokenization.
This real-world asset (RWA) initiative was executed through its U.S. subsidiary, POSCO International America. The transaction went beyond a technical sandbox environment, featuring an investor who acquired the credit rights using real capital.
To register the assets, the company coordinated efforts with technology platform Intain and trade specialist firm Olea. According to market reports, Intain leveraged artificial intelligence systems to audit and reconcile purchase orders, invoices, credit notes, and bills of lading prior to issuance.
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