This online copy is presented for educational purposes only. For all official purposes, the formal publication in PDF format prevails.
Publishing this Technical Publication openly positions Pegisai™ as the administrator of an institutional settlement infrastructure, rather than a standard fintech vendor.
Pegisai Global Holdings invented the granular value recognition™ and DTA™ technologies, issues every license, and administers the platform under contract (pegisai.com, Platform). The Alkaimi Ecosystem™ has not been designated a systemically important financial market utility (Pegisai, 1 October 2026).
Fewer claims, and fewer swaps
Every settlement on a currency rail ends in a promise, and banks buy credit default swaps to hedge the claims those promises leave open (item 1.1). A settlement on the Alkaimi™ ledger opens no claim, so no swap is needed behind the settlement (item 1.2). The effect grows with the settlement volume that moves onto the Alkaimi ledger: as more institutions settle on the ledger, fewer interbank claims are opened, and the need for the credit default swaps written against those claims is expected to fall (item 3.2).
An ally to central banks
The central bank issues and manages the nation's currency, runs the national settlement system in that currency, and advances currency against pledged DTAs. As the old books run off, the central bank stops standing behind money that banks create, and the central bank's direct control of the price and the funding of new credit grows with the advances the central bank makes (pegisai.com, Part 4; Section 4, item 4.8). Settlement in recognized asset value leaves fewer uncollateralized claims inside the banks the central bank supervises. The model, and the member financial institutions operating the model, can become the ally a central bank needs in the mission to stabilize the banking sector.
“The model, and the member financial institutions operating the model, can become the ally a central bank needs in the mission to stabilize the banking sector."
A clear, compliant blueprint for member institutions
None of the four operations a member institution runs or plans needs a new banking license; custody, settlement and the rent agreement are ordinary bank powers (pegisai.com, Ecosystem). Once the old book has run off, a member institution carries no promise the member institution created against a loan, and cannot be run; until then, the old book runs off on the old book's own timetable (pegisai.com, Part 4). The 100% Whole Reserve™ model is the blueprint to clean up a balance sheet.
A route for every regulated bank
A regulated bank that is not yet a member institution can join under the gateway license (AGI), or under the access license (ACI) through a member institution that holds the AGI (Overview, item 11). Custody, settlement and the rent agreement are ordinary bank powers, so the bank needs no new banking license (pegisai.com, Ecosystem). The smaller banks in a central bank’s jurisdiction gain a route to final settlement and to Level 1 collateral without a correspondent chain (Section 3).
What each reader does next
| Reader | The next step | Where this publication sets out the basis |
|---|---|---|
| Central bank | Consider the DTA pledge under the central bank’s own collateral rules. The central bank’s acceptance of the pledge is an approval in process. | Section 2, item 2.2 |
| Supervisor | Classify the member operations under the jurisdiction’s own law. Supervisory classification rests with each member institution’s own regulator. | Section 2; Legal Notice |
| Member institution | Settle on the Alkaimi ledger and hold client value in custody. The rent agreement and the product book follow the members’ own sequence. | Section 3 |
| Regulated bank considering membership | Petition for the access license. The access license opens once the Alkaimi ledger reaches a set operational mass and the institution has completed the due diligence process and accepted the terms. | Overview, item 11; Section 3 |
Institutions write to inquiry@pegisai.global, the official channel for institutions (alkaimi.com, Warning on Fraudulent Schemes).