Uganda Launches $5.5 Billion Tokenized Economy with Global Settlement Network
Uganda is set to revolutionize its economy with a $5.5 billion tokenized initiative.This project, a collaboration between Global settlement Network (GSN) and Diacente Group, aims to digitize real-world assets.These assets include agro-processing hubs, mining sites, and solar plants within Diacente’s GISEZ zone.
The project’s highlight is Uganda’s first Central Bank Digital Currency (CBDC). This digital shilling, built on GSN’s blockchain, will enable secure transactions for over 40 million people. Accessible via smartphones and USSD, it ensures full regulatory compliance.
According to Edgar Agaba, Diacente Group’s Chairman, this partnership is about more than infrastructure. “It’s about creating long-term economic growth.
The CBDC and tokenization will attract new investments, boost local industries, and drive sustainable growth,” he said.
The initiative aligns with Uganda’s Vision 2040 and the African Union’s Agenda 2063. It aims to create over a million jobs and generate $10 billion in annual exports. This project is a significant step towards a fully digital economy in Africa.
