This online copy is presented for educational purposes only. For all official purposes, the formal publication in PDF format prevails.
The publication and the publisher. This publication is an institutional communication published by Pegisai Global Holdings, Inc. This publication provides no banking service and carries on no regulated activity. This publication is not a financial promotion, contains no invitation and no inducement to deposit, to invest, to borrow, to buy or to enter into any agreement with any person, and is not directed at any person as a customer. Pegisai Global Holdings, Inc. is not a supervised financial institution in any jurisdiction. The Alkaimi™ operating license is a contractual authorization from Pegisai Global Holdings, Inc. to a member financial institution; the license is not a governmental banking license and confers none (alkaimi.com, Regulatory Position).
Forward-looking statements. Statements in this publication about the future stages of the Alkaimi Ecosystem™, about the transition of member financial institutions to consumer banking services, about the products a member may offer, about the growth of the Alkaimi Ecosystem's ledger, and about the effect of the model on claims, on credit default swaps, on capital and on liquidity are statements of intent and possibility, not promises. Each such statement is subject to the development of the Alkaimi Ecosystem's ledger, to the conditions each member financial institution meets before any consumer service is offered, to each member's own regulator, and to the members' own determination. No consumer service has been deployed. No date in this publication is a commitment, and every projection is a projection on stated assumptions. No forward-looking statement in this publication is an offer of any product or service, an undertaking to any person, or a representation that any product or service will be offered to any person at any time. No person may rely on a forward-looking statement in this publication as a promise, and neither Pegisai Global Holdings, Inc. nor the member financial institutions undertake any duty to update any such statement (alkaimi.com, Forward-Looking Statements).
Not legal or financial advice. Nothing in this publication is legal, financial, investment, banking, tax, accounting or valuation advice. Statements of law, of regulatory standards and of accounting treatment are Pegisai Global Holdings' own reading and are made by no authority. The classification and treatment of any operation rest with each member financial institution's own regulator and supervisor under that jurisdiction's law, confirmed by the member financial institution's own counsel (alkaimi.com, Terms of Use and Regulatory Position; pegisai.com, The legal position of the DTA™).
Not an offer of securities or of DTAs. Nothing in this publication is an offer of securities, an offer of a Digitized Tangible Asset™, an invitation to acquire one, a solicitation or a public offering. No DTA is publicly offered, listed, quoted or traded on any exchange or open market. The DTA is not offered as an investment, is not designed to rise in price, and carries no yield, coupon, dividend, distribution or return of any kind (alkaimi.com, The Digitized Tangible Asset Notices).
Not an offer of deposits or banking services. No deposit, account, loan, investment, custody arrangement or other product or service is offered, sold or applied for through this publication. Pegisai Global Holdings, Inc. does not provide banking services, accept deposits, hold client value or execute client settlements. Banking operations are conducted by member chartered financial institutions. Every product or service a member financial institution provides is provided by that member, in the member's own name, under the member's own regulator and on the member's own terms (Pegisai Global Holdings, 30 September and 1 October 2026; alkaimi.com, Regulatory Position).
Value in custody is not a currency deposit. Value held on the Alkaimi Ecosystem's ledger is held under a custodial agreement. Held value is not a currency deposit and is not insured by deposit insurance or by a government agency such as the FDIC. The settlement mechanisms used in the licensed model are themselves individually insured (Pegisai Global Holdings, 1 October 2026). Ordinary currency deposits taken by a member financial institution are insured or guaranteed as that member's own deposit insurance regime provides, and by no one else (alkaimi.com, Regulatory Position).
No regulatory approval. No central bank, supervisor, government or other authority has reviewed, approved or endorsed Alkaimi, the Alkaimi Ecosystem, the Alkaimi platform, any member financial institution's participation in the Alkaimi Ecosystem, or this publication. Where this publication states that the Digitized Tangible Asset meets a published standard, the statement is Pegisai Global Holdings' own and is made by no authority. Supervisory classification of member operations rests with each member's own regulator. The Alkaimi Ecosystem has not been designated a systemically important financial market utility (Pegisai Global Holdings, 1 October 2026; pegisai.com).
Central bank advances. A central bank advance on rented Digitized Tangible Assets is at the discretion of each member financial institution and of the member's central bank, under that central bank's own rules. No statement in this publication is a statement that any central bank will fund anything, or that any member financial institution will seek an advance (alkaimi.com, Forward-Looking Statements).
What the DTA is not. The DTA is not a security, a crypto-asset, a virtual asset, a derivative, electronic money, a deposit or a currency (alkaimi.com, The Digitized Tangible Asset Notices). The issue of a nation's currency is the sovereign's right, and the DTA is never offered as a currency (alkaimi.com, Regulatory Position). The position on certain Cryptocurrency Era terms, below, sets out why the DTA is not a digital asset. A DTA is not a speculative item, and no DTA moves outside of the Alkaimi ledger.
What a DTA holds. A DTA holds three values, each by contract. First, the recognized value, held whole in the DTA as a bearer instrument: the value that settles. Second, the surety: the underwriter’s contractual obligation to pay every holder of the stack’s DTAs in full, to the full issued value, on an issuer’s default. Third, the drawing right: the holder’s right to transmute a DTA at a member institution’s desk into a recognized asset class. The asset from which a DTA is created remains the client’s property, in custody under the client’s own title, and no transfer of a DTA passes title to that asset. Title to the asset moves only if the issuer defaults on the asset maintenance requirements, and then only to the underwriter, as the surety’s recourse, while the holders of the stack’s DTAs are paid in full. The DTA is therefore not a document of title within UCC 1-201(b)(16) or the Electronic Trade Documents Act 2023, and not a representation of value held elsewhere.
Sanctions. Every Alkaimi Ecosystem member financial institution complies with every lawful sanction of every nation in which the member operates, under the member's own regulator. Nothing on the Alkaimi Ecosystem's ledger is designed to evade a sanction (alkaimi.com, Sanctions).
Sources and figures. Figures in this publication are taken from the public sources cited, as published on the dates stated, and from Pegisai Global Holdings' own published record. Pegisai Global Holdings, Inc. gives no warranty as to the accuracy or completeness of figures taken from third-party sources, and accepts no liability for reliance on any material in this publication, to the fullest extent the law allows (alkaimi.com, Terms of Use).
Copyright and marks. The text, figures and design of this publication are the copyright of Pegisai Global Holdings, Inc. Short extracts may be quoted for non-commercial purposes with attribution to Pegisai Global Holdings, Inc. Any other reproduction requires written permission. The marks are stated in Terms Used In This Document (alkaimi.com, Copyright and Marks).
Fraud warning. The names and marks Alkaimi, Pegisai™, Digitized Tangible Asset and DTA may be misused in attempts to defraud the public. The member financial institutions of the Alkaimi Ecosystem, Alkaimi and Pegisai Global Holdings, Inc. do not offer, sell, list, quote or trade a Digitized Tangible Asset to the public, do not charge a fee to any applicant at any stage, and do not authorize any person to act as an agent, representative or introducer. The official channels are inquiry@pegisai.global for institutions and the domains pegisai.global, pegisai.com and alkaimi.com (alkaimi.com, Warning on Fraudulent Schemes).