Chartered banks across 14 countries have started conducting wholesale settlement operations without claims or currency on the Alkaimi Ecosystem, using technology licensed from Pegisai Global Holdings, Inc., the company announced on September 30, 2026. The operations began on September 1, 2026, according to the NEWMEDIAWIRE release. The development matters because it marks a shift in how banks can settle wholesale transactions, moving away from traditional currency-based models toward a system that recognizes value from a broader set of assets.
Pegisai’s technology enables members of the currency-neutral Alkaimi Ecosystem to conduct traditional wholesale settlement operations using a 100% whole-value model while complying with existing regulation, procedures, and law. The ecosystem’s regionally chartered bank members, using Pegisai-licensed technologies, recognize value from 17 asset classes, with further classes expected to follow, according to Mike Rogers, spokesman for Pegisai Global Holdings.
Members adopted and licensed technologies developed by Pegisai, including the 100% Whole Reserve model. That model allows member institutions to reduce operating risk and recognize value in assets that previously sat outside ordinary settlement. Value held on the ecosystem’s ledger is held under a custodial agreement. Importantly, held value is not a currency deposit and is not 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.
The implications for the financial industry are significant. By enabling settlement without currency and by unlocking value from assets that were previously excluded from ordinary settlement, the Alkaimi Ecosystem could offer banks a way to lower operating risk and increase efficiency. The fact that chartered banks in 14 countries are already using the system suggests growing institutional interest in alternatives to conventional settlement infrastructure. 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.
This notice is issued by Pegisai Global Holdings and is not an offer of currency deposits, securities, or banking services. For more information, the company directs readers to alkaimi.com and pegisai.com. Pegisai Global Holdings develops, licenses, and administers the Alkaimi Financial Ecosystem, a collaborative network of chartered financial institutions engaged in granular value recognition and settlement in whole value. The company holds no client value, settles nothing on the ledger, and takes no deposit. The original release can be viewed on www.newmediawire.com.
