POSCO International Is Becoming One of Asia's Most Aggressive Corporate Blockchain Adopters

[nihalsari]

The MoU with Hana Financial and Dunamu is the latest in a series of blockchain finance moves that have quietly made POSCO International one of the most active non-financial companies in the digital asset space in Asia. The company recently issued blockchain-based foreign currency digital bonds worth approximately 140 billion won, around $95 million, in partnership with HSBC, becoming the first non-financial company to issue digital bonds in South Korea. Last year it introduced a blockchain-based global payment system with JP Morgan. Now it is serving as the first real-world test case for a domestic blockchain remittance system built on Dunamu's GIWA Chain. Three major blockchain finance initiatives with three different global and domestic partners in the space of roughly a year represents a deliberate strategic direction rather than experimental dipping of toes.

POSCO International president Lee Gye-in described the latest deal as establishing a foundation for mid-to-long-term partnerships in digital finance and digital assets, framing the blockchain remittance project as part of a sustained commitment rather than a one-off pilot. For a global trading company that handles large-scale cross-border fund flows as a core part of its business, the cost and speed advantages of blockchain-based settlement over SWIFT are directly material to the bottom line rather than theoretical. If the real-world transaction testing delivers results consistent with the earlier proof-of-concept, POSCO International will have built a meaningful cost advantage into its cross-border payment infrastructure ahead of competitors who are still processing international transfers through traditional banking rails.

[lingriiddd]

POSCO International running three separate blockchain finance initiatives with HSBC, JP Morgan, and Dunamu in roughly twelve months is not diversification, it is a company systematically replacing its entire cross-border payment stack one partnership at a time.