Blockchain Registration Transaction Record

Chartered Banks in 14 Countries Adopt Alkaimi Ecosystem for Wholesale Settlement

Pegisai's Alkaimi Ecosystem enables chartered banks in 14 countries to conduct wholesale settlement using a 100% whole-value model, recognizing 17 asset classes.

This news matters because it signals a potential shift in how wholesale settlement is conducted globally. By enabling chartered banks to settle without traditional currency claims, the Alkaimi Ecosystem could reduce reliance on conventional banking infrastructures and open up new ways to recognize and mobilize value from diverse asset classes. The 100% Whole Reserve™ model might offer institutions a way to lower operating risk and increase efficiency, particularly for assets that are typically illiquid or excluded from standard settlement processes. As more asset classes are added, this could lead to greater financial inclusion and innovation. However, the fact that held value is not FDIC-insured and that the platform is not designated as systemically important means that careful regulatory oversight and risk management will be essential. Ultimately, this development could influence how banks, regulators, and businesses think about settlement, value transfer, and the boundaries of traditional finance.