The Bank of Uganda has begun piloting a Central Bank Digital Currency (CBDC) using a permissioned blockchain — marking the country’s biggest leap into digital finance yet.
The CBDC is reportedly backed by treasury bonds and government securities, ensuring stability and trust. Uganda also plans to tokenize up to $5.5 billion in real-world assets (RWAs), including property and commodities.
See more related: Africa Could Lead with Local-Currency Stablecoins Amid Regulatory Shifts
Why It Matters
This initiative strengthens Uganda’s case as a fintech innovator in East Africa. Tokenizing national assets could unlock liquidity, improve transparency, and modernize trade.
