These notices state what the Digitized Tangible Asset™ (DTA™) is, what it is not, who uses it, and what this site does not do with it. The tests from the statutes and the facts applied to them are stated in full at the legal position of the Digitized Tangible Asset on pegisai.com.
What the DTA is
The DTA is a settlement instrument of the Alkaimi Ecosystem™, and in law a thing owned, not a claim. Each DTA holds the whole recognized value of an identified physical asset, recognized once by Alkaimi™'s value recognition method, held in custody at an Alkaimi Ecosystem member financial institution on the Alkaimi Ecosystem's ledger, under its owner's title, and underwritten at issuance. A DTA moves between accounts on the ledger as a ledger entry, and the movement is final when it is recorded.
What the DTA is not
The DTA is not a security, a crypto-asset, a virtual asset, a derivative, electronic money, a deposit or a currency.
- Not a security: no money is invested to obtain a DTA, no DTA is negotiable on any market, nothing is pooled, and no profit is expected, because the recognized value does not move. No DTA is publicly offered, listed, quoted or traded.
- Not a crypto-asset or a virtual asset: the Alkaimi Ecosystem's ledger is one custodial ledger under bank supervision, with no distributed ledger and no blockchain, and a DTA is held and moved only by a licensed financial institution.
- Not a derivative: a DTA references nothing outside itself, has no counterparty, provides for no future delivery, and carries no margin and no leverage.
- Not electronic money: a DTA is a claim on no issuer, is issued on receipt of no funds, is denominated in and pegged to no currency, and is redeemable at par in none.
- Not a deposit: a DTA is not money received by a financial institution on terms that the financial institution repays it; it is the holder's own value, in custody.
- Not a currency or a means of payment to the public: a DTA moves only between accounts on the ledger, through member financial institutions, and is never offered as a currency.
The DTA is not offered as an investment, is not designed to rise in price, and carries no yield, coupon, dividend, distribution or return of any kind.
Who uses the DTA
The DTA is issued, held in custody and settled only by Alkaimi Ecosystem member financial institutions, under the banking licenses they already hold and under their own regulators. Every holder of a DTA is known to the ledger at every instant. No person other than a member financial institution issues a DTA, and no DTA exists outside the ledger.
The holder's position
A holder of a DTA holds recognized value under its own title, in custody at a member financial institution. The holding is a claim on no financial institution and is not a deposit. The member financial institution places no lien on it, pledges it to no one and creates no claim against it. Value moves from the holder's account only on the holder's instruction, under the rules of the ledger, which include the rules on asset maintenance and on conduct stated in the published record.
What this site does not do
Nothing on this site is an offer of a DTA, an invitation to acquire one, or advice concerning one. This site does not describe the terms on which any member financial institution provides custody of DTAs to any person. A person who holds a DTA holds it under the terms of the member financial institution with which that person deals, and not under anything stated on this site.
Last updated 24 September 2026.