POSCO International Tokenizes Trade Receivables on Avalanche

POSCO International has tokenized trade receivables on the Avalanche blockchain in a real-world asset transaction. According to Odaily, the company completed a similar pilot on Injective one month earlier.POSCO International's U.S. unit worked with trade finance platform Olea and asset-backed fintech firm Intain on the transaction. Intain used AI to verify invoices, purchase orders, and shipping documents before validating and recording the receivables on its Avalanche-based Layer 1 network. POSCO International reported annual revenue of $22.2 billion and said its business covers steel, energy, and battery materials, with more than 80 overseas branches.