POSCO Tokenizes Trade Receivables on Avalanche in Major Blockchain Finance Move

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South Korean steel and trading conglomerate POSCO, valued at approximately $22 billion, has moved its trade receivables onto the Avalanche blockchain. The company partnered with financial technology firms Olea and Intain to execute the tokenization transaction. This move represents a growing trend of large corporations bringing traditional financial assets onto blockchain networks. The development follows a separate pilot conducted last month involving LG CNS on the Injective blockchain, signaling broader adoption of tokenization in South Korean industry.

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