Uganda Pilots CBDC in $5.5B Tokenized Economy Initiative with Global Settlement Network

Uganda’s $5.5 billion digital project will link farms, mines, factories

Diacente Group, a Ugandan company that develops green industrial zones, has partnered with US-based Global Settlement Network (GSN) on a $5.5 billion plan to build a national digital infrastructure that links Uganda’s farms, mines, power projects, and factories. The project also includes a pilot of Uganda’s first central bank digital currency (CBDC), the digital shilling, backed by treasury bonds. The CBDC will allow millions of Ugandans to send…

GSN, Diacente Unveil $5.5B Tokenized Infrastructure Plan in Uganda

A new blockchain partnership between Global Settlement Network (GSN) of the United States and Ugandan developer Diacente Group has been announced, outlining plans to create a $5.5 billion tokenized economy in Uganda. The large-scale initiative aims to digitize ownership of real-world infrastructure assets and includes a pilot rollout of Uganda’s first Central Bank Digital Currency (CBDC), built on GSN’s private blockchain network. The proposed t…

Uganda pilots CBDC in $5.5B tokenized economy initiative with Global Settlement Network

Global Settlement Network and Uganda’s Diacente Group are launching a $5.5 billion tokenized economy, combining real-world infrastructure and a national CBDC to drive economic growth. According to a press release shared with crypto.news, Global Settlement Network (GSN), a leading blockchain…

A new partnership aims to put $5.5 billion of Ugandan infrastructure on the blockchain - Techish Kenya

A partnership plans to tokenize $5.5B of Ugandan infrastructure and pilot a digital shilling CBDC on the blockchain.