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GSX's $5.5B Uganda Bet, Taktile's AI Risk & US Crypto Enforcement Collapse
Audio is available on Spreaker — see link below.
A sovereign blockchain settlement deal in Uganda, Goldman-backed AI underwriting, and the effective end of US crypto enforcement dominate today's fintech and banking briefing. From CRED's Meta-linked $900M Series H to tokenized real-world assets crossing $20B, the structural shifts are accelerating.
Audio is available on Spreaker — see link below.
A Miami-based startup just closed eleven million dollars to build sovereign blockchain settlement infrastructure across Africa, and it's already in a flagship partnership with the Ugandan government valued at five point five billion dollars. That's the signal worth starting with today.
The Uganda partnership took eighteen months of government negotiations to structure. The five point five billion dollar figure represents projected investment tied to the broader digital infrastructure framework, not just GSX's seed capital.
Pulling back to the broader funding picture, June twenty twenty-six closed with four point five two billion dollars across one hundred and five global fintech deals. Ramp led the month with seven hundred and fifty million dollars for corporate spend management, bringing its total raised to two point nine billion.
In India, CRED raised nine hundred million dollars in a Series H from Meta, Peak XV Partners, and Z47, valuing the company at four point five billion dollars. The strategic layer here is harder to miss.
The regulatory context shaping all of this is the effective collapse of US crypto enforcement. The SEC and CFTC have dropped Biden-era cases against Kraken, Coinbase, Gemini, and Binance.
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