Global Settlement Network (GSN) has partnered with Diacente Group to launch a $5.5 billion tokenized economy in Uganda’s Karamoja region.
The initiative includes piloting Uganda’s first central bank digital currency (CBDC), backed by treasury bonds and accessible via mobile devices. Built on GSN’s blockchain, the project will digitize key sectors like agriculture, mining, and energy, aiming to unlock global capital and promote inclusive growth. Experts say the effort could transform financial infrastructure in emerging markets by combining real-world assets with regulatory compliance and mobile-first accessibility. The initiative supports Uganda’s Vision 2040 and the African Union’s Agenda 2063, with projections of over one million jobs and $10 billion in annual exports.