South Korea Trading Giant Puts Receivables On-Chain
Summary
Hosted by CoinDesk, this episode of Brand New Rails covers a tokenization pilot where South Korean trading giant POSCO International is putting trade receivables on the Injective blockchain with LG CNS. Injective CEO Eric Chen explains how the project aims to slash cross-border settlement times from 30–90 days to 600 milliseconds, targeting the 84% of revenue that comes from cross-border trade. Chen describes a gradual testing phase followed by a potential floodgate moment that could shift the majority of POSCO’s transactions on-chain, implying a major catalyst for Injective network usage.
- POSCO International, South Korea’s largest trading firm, pilots tokenized trade receivables with LG CNS on Injective.
- The pilot targets cross-border settlement, which represents 84% of POSCO’s revenue.
- Current settlement takes 30–90 days; tokenization aims to reduce it to Injective’s 600 ms block time.
- Injective CEO Eric Chen expects slow initial testing, then a sudden transformational overhaul if successful.
- Chen describes a ‘floodgates open’ scenario where most POSCO transactions migrate to Injective’s infrastructure.
- The discussion highlights tokenization moving beyond funds and stocks into global trade plumbing.
Ideas
Pilot could flood Injective network volume.
POSCO International, South Korea’s largest trading company, is piloting tokenized trade receivables on Injective with LG CNS. The initiative targets cross-border settlement pain points, which account for 84% of POSCO’s revenue, and aims to reduce settlement time from 30–90 days to 600 milliseconds. Eric Chen expects the pilot to trigger a gradual expansion, then a sudden ‘everything at once’ overhaul once effectiveness is proven, opening floodgates where POSCO moves the majority of its transactions and settlements to Injective’s infrastructure stack, which would drive massive network usage and demand for the INJ token.
