GSN partners Uganda SEZ to tokenize assets, target $7bn investment, 1m jobs

Global Settlement Network (GSN) is partnering with Uganda’s Special Economic Zones authority to tokenize assets such as solar plants, mines and refineries, aiming to attract up to $7 billion in investment and create over one million jobs. The tokenization would make assets more liquid, allowing secondary trading and easier capital movement, which could help build a more mature financial ecosystem in Uganda and reduce reliance on foreign settlement systems like SWIFT. GSN’s revenue model varies: in markets with weaker currencies it earns fees on mobile‑money payments, tokenisation services, FX settlement or takes small equity stakes in projects. Its North‑Star is giving local economies more control over their financial rails while still participating in the global economy. The Uganda initiative, tied to the Karamoja region’s underdeveloped mineral and agricultural sectors, could also unlock up to $10 billion in annual export potential by enabling local processing of gold and other commodities. GSN warns that a host government could reject blockchain infrastructure, but says it has diversified across multiple countries and use‑cases. For Nigerians, the push highlights how blockchain‑based financial infrastructure could unlock investment and jobs in underdeveloped regions, and underscores the need for greater regional integration—such as better roads, freight corridors and digital currency interoperability—to unlock continental growth.

SOURCE: https://techcabal.com/2026/07/06/global-settlement-network-ryan-kirkley/