The Alkaimi™ ledger is a platform on which recognized asset value is held, moved and settled without currency. The platform is active, connecting licensed banks operating in multiple countries since 1 September 2026. See also Alkaimi Ecosystem, Current Operations.
Why the platform is needed
Before the platform, an asset reserve produced usable value only when the owner sold the reserve or pledged the reserve.
A sale disposes of the asset: the asset leaves, a currency balance arrives, and the balance loses purchasing power from the day the balance arrives.
A loan encumbers the asset: a fraction is advanced, a lien is taken, and repayment is owed in a currency the owner does not issue. Every settlement rail in use today settles in a promise: a bank's promise, paid with the state's debt note.
Those two pathways leave idle a reserve of under-utilized and non-utilized assets estimated at about 4 quadrillion dollars. The platform exists because, until 1 September 2026, no rail on earth could hold, move and settle tangible asset value, custodial held, by Alkaimi Financial Ecosystem members only, as property, as a digitized bearer instrument, on the Alkaimi Financial Ecosystem ledger. How a licensed bank does the work is on the page The Alkaimi Financial Ecosystem.
Figure 1. The two old pathways beside the platform.
What the platform is made of
The platform has five elements: the Alkaimi ledger, the Digitized Tangible Asset™, the Universal Value Unit™, the ring of licensed banks, and the administration that licenses and runs the network.
The Alkaimi ledger holds recognized value in each client's own DTA™ holding account, and nothing on the Alkaimi ledger is a deposit in bank claim form.
The DTA carries the recognized value of the client's own asset, underwritten, in a stack segregated from every other stack in risk and in lien.
Every DTA is measured in the Universal Value Unit (UVU™), and no DTA is priced in a currency.
The ring is the licensed banks: every client enters through a licensed bank's walled garden gateway, and currency is met only at a licensed bank's desk, outside the walled garden.
Pegisai Global Holdings issues the licenses and administers the platform under contract, and Pegisai Network Services runs the global network under the license.
Figure 2. The five elements of the platform, with the client entering through a licensed bank.
What the platform does for people and nations
The platform gives a treasury, an asset holder, a business and a depositor something none of them has had: tangible asset value, custodial held, by Alkaimi Financial Ecosystem members only, as property, as a digitized bearer instrument, on the Alkaimi Financial Ecosystem ledger, that moves and settles account to account.
A treasury holds a reserve of DTAs that stands beside the currency, not behind the currency, and sells fewer bonds.
An asset holder draws liquidity from a reserve that stays in the ground, fully owned.
A business settles final in substance, account to account, with no bank's promise between the two.
A depositor's held wealth stops being diluted, because a bank lending from rented DTAs creates no deposit.
The treasury's and the asset holder's cases are walked in the four-part series at the foot of the Home page; the business's and the depositors on the page The Alkaimi Financial Ecosystem.
The published testing record, The Alkaimi Financial Ecosystem in Function: Granular Value on a Neutral Rail, documents that, across Alkaimi’s reported testing and validation periods, over 1,953 days the dollar lost 27.86 percent of purchasing power on the United States government's own index, and a DTA holding lost 0.00, because the recognized value held inside the DTA is isolated from speculative and deprecative forces, so the intrinsic value never moves.
The recognized-value asset platform is designed to administer data flows more than sufficient to meet immediate needs and expected requirements, and to carry settlement of 130 trillion dollars of value, a design capacity set at the scale of the world's broad money.
Alkaimi’s management projects that recognizing-asset value sufficient to reach 130 trillion dollars will take many years, a change measured across approximately a decade.
That managed capacity intake is designed to deflate the fiat currency and the new money of the world: value held and settled on the platform is value no longer held and settled in new money or fiat currency. The pathway, the pace and the arithmetic are on the page The platform in depth.
Figure 3. The reach of the platform and the pace of recognition.
What is unique, and who invented and administers the platform
Everything held on the Alkaimi ledger is custodial held, by Alkaimi Financial Ecosystem members only, as property, as a digitized bearer instrument, on the Alkaimi Financial Ecosystem ledger, not as a promise. Six facts follow from that one.
The value on the platform is recognized asset value, held in the client's own DTA holding account.
Every holding is measured in the UVU.
The platform is currency neutral: the recognized value carries no price and no currency.
Every DTA is underwritten.
A DTA exceeds central bank money on the asset standard and on liquidity: a Level 1 high-quality liquid asset of the same grade, tangible asset value, custodial held, by Alkaimi Financial Ecosystem members only, as property, as a digitized bearer instrument, on the Alkaimi Financial Ecosystem ledger, where central bank money is the central bank's liability.
Every DTA stack is segregated from every other stack.
Why the DTA is outside every class a supervisor applies, and is property in law, is set out on the page The legal position of the DTA.
Pegisai Global Holdings invented the granular value recognition™ and DTA technologies (priority 1997, USPTO 2019), licenses the technologies to every licensed bank, and administers the platform under contract; every DTA on every licensed bank's ledger exists under that license. Access to the platform is by license: only a licensed bank holds a DTA for a client, settles in a DTA, or posts a DTA as Level 1 HQLA.
The platform runs under the rules by which every bank and central bank already plays.
Nothing in the platform is a currency, a security or a blockchain, and Alkaimi licensed banks do the work under the banking licenses they already hold.
Figure 4. Who invented, who licenses, who administers, who holds.
The platform is running
Licensed banks in multiple countries have operated on the platform in wholesale settlement since 1 September 2026. The development record, The Alkaimi Financial Ecosystem in Function: Granular Value on a Neutral Rail, is published on this site.
The technologies were built over nearly three decades, and Pegisai™ stated publicly in June 2022 that the design met the Bank for International Settlements criteria for frictionless money and instant payment.
The consumer phase is next, in a phased roll-out. Inquiries: inquiry@pegisai.global.
Notice: A DTA is not a security, not an investment product and not a speculative item. No DTA is listed, quoted or traded on any exchange or open market, and no DTA moves outside the Alkaimi ledger. Nothing on this page is an offer, a solicitation or a public offering, and nothing on this page is legal, financial or investment advice.
This page contains some forward-looking statements. Read Pegisai’s statement on forward-looking statements.