Who we are
The Alkaimi Ecosystem is comprised of a collaborative network of regionally chartered financial institutions. Each institution is chartered and operates under local national banking law, and operates in compliance with national regulatory requirements.
Each Alkaimi Ecosystem-member institution has agreed to operate the 100% Whole Reserve™ model with liquidity as developed by Pegisai Global Holdings, Inc.
Jointly, member institutions share the operating model, its guidelines, product standards and engage in platform operations utilizing whole value digitized tangible assets to provide services to the members' engaged clientele.
What the ecosystem does
Individually, member institutions are deploying a value-recognition model that allows member institutions to create liquidity and value holdings utilizing licensed technology. This value is conducted via the Alkaimi™ ledger.
Utilizing this currency neutral rail, member institutions settle value between one another. This unique whole reserve model allows member institutions to reduce risks while engaging final settlement services.
Member institutions operate their individual currency, correspondent relationships and credit operations as regionally required.
At the present time the ecosystem has a self-imposed embargo on operations, limiting transactions to traditional wholesale settlement operations, described at Current Operations.
Why members chose the ecosystem
Each member institution evaluated the 100% Whole Reserve model against the model it was operating, and the evaluation showed three things.
- Structural risk
- The ecosystem offered a materially lower structural risk profile.
- Charter compatibility
- The ecosystem offered full compatibility with the member's existing charter and regulatory obligations.
- Operating pathway
- The ecosystem offered a viable operating pathway to whole reserve settlement.
The members' reasoning is set out at Why the Ecosystem.
Future ecosystem expansion
Currently, ecosystem operations are limited to traditional wholesale settlement operations.
- Large-value settlement
- The settlement of large-value obligations between member institutions on the ecosystem's ledger.
- Client holding accounts
- The settlement of obligations between institutional client holding accounts.
- Custody transfers
- Custody transfers between member institutions.
- Trade and commercial obligations
- The settlement of trade and commercial obligations for institutional clients.
- Currency exchange at the desk
- Currency exchange at member desks on institutional instruction.
- Onboarding of asset positions
- The onboarding of the institutional asset positions from which those settlements are made.
As Alkaimi Ecosystem members effectively fulfill their restructuring obligations, institutional members of the ecosystem will begin to deploy traditional retail banking services taking full advantage of the 100% Whole Reserve model, at their regional retail branches globally.
The members' future services are described at Future Operations.
Licensed ecosystem operations
The 100% Whole Reserve model and related technologies were developed by Pegisai Global Holdings, Inc. Each Alkaimi Ecosystem-member institution has obtained a license to operate the model and technologies developed by Pegisai Global and its subsidiaries.
Each ecosystem-member institution is regionally regulated, licensed and chartered for banking and other financial operations, and must remain in compliance with all regionally mandated requirements.
The Alkaimi model allows each ecosystem-member institution to remain compliant within their perspective jurisdictions / areas of operations while providing each ecosystem-member institution with a beneficial operating model affording each member with benefits unavailable to them within the fractional-reserve model.
Pegisai Global and its subsidiaries are contracted by each ecosystem-member institution, acting jointly as the Alkaimi Ecosystem, to provide ecosystem members with the following services.
- The network
- The operation, administration and security of the walled garden network.
- The ledger
- The administration of the ecosystem's ledger, including issuance compliance, ledger audit and certification.
- Operating standards
- The setting and maintenance of the ecosystem's operating standards, procedural rules and operating manual.
- Compliance oversight
- Compliance oversight of the operating manual and risk abatement services.
- Underwriting
- Underwriting services for recognized asset positions.
- Enforcement
- The enforcement of the licensed intellectual property and of each member's right to operate.
- Government engagement
- Engagement with government agencies on the ecosystem's technologies.
- Public-facing common areas
- The operation of the ecosystem's public-facing common areas, this website, the published record and the ecosystem's public statements among them.
Only licensed ecosystem-member financial institutions engage in any service or conduct that would be considered banking in nature, including the taking of deposits, the holding of client value in custody, settlement, lending and currency exchange. Pegisai Global and its subsidiaries engage in no such conduct.
This website is not a solicitation for banking services, nor the advertisement of banking services in any manner; it is an informational site published by Pegisai Global on behalf of the ecosystem's member institutions.
For more information on Pegisai Global's products or services, visit pegisai.com.