Uganda has initiated a $5.5 billion asset tokenization project and its first central bank digital currency (CBDC) pilot. The initiative, spearheaded by the Global Settlement Network and Diacente Group, aims to tokenize infrastructure assets in sectors such as food production, mining, and renewable energy. The CBDC, supported by Ugandan treasury bonds, will be accessible through smartphones and USSD technology. In parallel, Kenya is progressing with its Virtual Asset Service Providers (VASP) Bill. This legislation, if enacted, will provide the Central Bank of Kenya and the Capital Markets Authority with regulatory authority over the crypto sector.