On September 1, 2026, chartered banks in 14 countries began wholesale settlement operations without claims or currency on the Alkaimi Ecosystem, utilizing technology licensed from Pegisai Global Holdings, Inc. The announcement, made on September 30, 2026, marks a significant step in the adoption of a currency-neutral settlement model that allows member institutions to recognize value from 17 asset classes, with more expected to follow.
According to Mike Rogers, spokesman for Pegisai Global Holdings, “The ecosystem’s regionally chartered bank members, using Pegisai-licensed technologies, recognize value from 17 asset classes, with further classes to follow.” The platform enables traditional wholesale settlement operations through a 100% whole-value model, which Pegisai states complies with existing regulation, procedures, and law. This model, known as the 100% Whole Reserve™, is designed to let member institutions reduce operating risk and recognize value in assets that previously sat outside ordinary settlement.
The Alkaimi Ecosystem is a collaborative network of chartered financial institutions engaged in granular value recognition and settlement in whole value. Pegisai Global Holdings develops, licenses, and administers the ecosystem but holds no client value, settles nothing on the ledger, and takes no deposit. Value held on the ecosystem’s ledger is held under a custodial agreement and is not a currency deposit, nor is it insured by deposit insurance or by a government agency such as the FDIC. However, the settlement mechanisms used in the licensed model are themselves individually insured.
This development matters because it introduces a new infrastructure for wholesale settlement that operates without traditional currency claims, potentially offering banks a way to settle transactions using a broader range of assets. By recognizing value from multiple asset classes, the model could unlock liquidity in assets that were previously illiquid or excluded from settlement processes. The participation of chartered banks in 14 countries suggests growing institutional interest in alternative settlement mechanisms that operate within existing regulatory frameworks. Supervisory classification of member operations rests with each member’s own regulator, and the platform has not been designated a systemically important financial market utility.
For more information, visit alkaimi.com or pegisai.com. The original release can be viewed on www.newmediawire.com.
