Development Record

The first patent applications are filed for the founding technologies: the tokenization of data and its transport across peer-to-peer networks.

Experts in law, regulation, economics, technology, governance and banking meet to answer one question: what would it take to restore value in the global financial system?

The United States Patent and Trademark Office confirms the patent protection for the tokenization and data transport technologies. The original patents remain in force through 2027. Since 2019, the group has continued to develop the underlying technologies and has received further patents on that work. The ecosystem’s design, range of products and operating processes are finalized.

Pegisai Global Holdings is established as the parent company of the group.

Testing begins on the ecosystem’s operating systems, on Alkaimi’s value recognition method, and on the other technologies the ecosystem requires. On 11 March 2021, the first of ten test holdings is created, using gold. Value recognition / Granular Value™ testing continues through 17 February 2026.

Pegisai USA is incorporated in Wyoming.

Through 2022, the group engineers its systems, tests the systems for durability, and runs beta tests of its security protocols.

On 21 June 2022, the Bank for International Settlements publishes “The future monetary system,” chapter III of its Annual Economic Report 2022 (BIS press release), which places final and irrevocable payment at the foundation of the monetary system. Pegisai™ states publicly that the Digitized Tangible Asset™ (DTA) and its design meet or exceed the international criteria for absolute settlement, set out in the Principles for Financial Market Infrastructures (CPMI-IOSCO, 2012). Principle 8 requires final settlement: a payment that is complete and cannot be reversed. Principle 9, key consideration 9.2, sets the absolute payment standard where central bank money is not used: the asset used to settle carries little or no credit or liquidity risk. The group’s management cancels a planned capital raise to keep control of its intellectual property.

The Alkaimi Financial Ecosystem is established for internal design, and testing measures in advance of broader ledger design and testing.

Digital Security Enforcement Ventures (DSEV) is licensed to enforce the group’s intellectual property portfolio.

The first Alkaimi operating licenses are issued to regionally chartered banks. Broader ecosystem and ledger testing commences with first four Alkaimi licensees.

The DTA mechanism passes in house durability testing and progresses to secondary testing.

Initial Ecosystem testing is completed, advanced testing commences.

Precertification testing is complete.

Ecosystem testing and certification completed. Alkaimi ecosystem licensees begin processes to initiate wholesale settlement operations and conduct employee training.

Final review of Value recognition / Granular Value proceeds concludes. The company finalizes procedures and draft “The System In Function” document.

Alkaimi ecosystem license holders commence traditional wholesale settlement operations.

Pegisai Global Holdings publishes the full record of the tests on this site: The Alkaimi Financial Ecosystem in Function: Granular Value on a Neutral Rail. Download PDF

Alkaimi Financial Ecosystem issues a public announcement confirming the collaborative network of chartered financial institutions began wholesale operations on 1 September 2026.

Pegisai Global Holdings issues its own press release on Granular Value: “Pegisai Details Granular Value Engineering Behind the Alkaimi Financial Ecosystem’s Currency-Neutral Wholesale Settlement.”

Pegisai Global Holdings issues de novo Alkaimi access (ACI) licenses to applicant financial institutions under authorization with restrictions: “Pegisai Global Holdings Issues De Novo ACI Licenses Under Authorization with Restrictions.”