UK Financial Ltd today announced that its MayaCat Regulated Security Token (SMCAT) has officially made history as the world’s first exchange-traded token structured under the ERC-3643 regulated security token standard.
Following this milestone, UK Financial Ltd confirmed that it is actively coordinating with the CATEX Exchange to determine the most efficient and fully compliant method for completing the transition of legacy MayaCat (MCAT) tokens into the regulated SMCAT structure for eligible holders.
Transition Process and Compliance Considerations
UK Financial Ltd is currently evaluating a transition path that prioritizes regulatory integrity, transparency, and long-term market credibility.
As part of this process, the company plans to pursue independent verification of circulating supply and token metrics by CoinMarketCap for both:
MayaCat Regulated Security Token (SMCAT)
Maya Preferred PRA Regulated Security Token (SMPRA)
While this verification step is expected to benefit token holders by ensuring publicly verifiable accuracy, it may temporarily slow the return of tokens to CATEX Exchange.
If this route is finalized, eligible tokens will be:
- Returned to the MayaPro Wallet
- Held securely during the verification process
- Made transferable back to CATEX Exchange once verification is complete
- This process is required because every wallet that interacts with SMCAT must be KYC-verified under ERC-3643 compliance rules.
- MayaPro Wallet will be KYC-verified by the issuer
- CATEX Exchange wallets are already KYC-verified
- Holders will retain full possession of their ERC-3643 MayaCat Regulated Security Tokens throughout this process.
Supply Reduction and Ownership Impact
As part of the regulated upgrade, UK Financial Ltd confirmed that the outstanding supply of SMCAT has been reduced to 50 million tokens, down from the original 2 billion MCAT tokens in the legacy structure.
This represents:
An 88.5% reduction in total supply
A 4000% proportional ownership increase for eligible legacy MCAT holders who completed conversion
Failing to pursue verified public metrics at this stage could negatively impact how the first-ever exchange-traded ERC-3643 security token is viewed by data providers and institutional observers.
Leadership Commentary
“We have made history today,” said James Dahlke, President & CEO of UK Financial Ltd and The Maya Preferred Project.
“This journey began eight years ago with the introduction of Maya Preferred, one of the earliest gold-backed digital assets. Today, we are focused on the future — structured compliance, transparency, and regulated digital finance under ERC-3643. Our work is not finished, and we are not stopping until it is done correctly.”
“Not a single insider has sold a token or taken a salary,” added Richard Crespo, Vice President of UK Financial Ltd.
“Since 2019, we have operated with one priority — doing what we believe is right for token holders. Even when decisions are difficult, our commitment to compliance and long-term credibility has never changed.”
Official Conversion Deadline Now Closed
UK Financial Ltd reminds all participants that the official conversion window has ended:
Start Date: December 14, 2025
Deadline: Friday, January 13, 2026 (30 days)
As required by compliance standards, any legacy tokens not returned by the deadline permanently forfeited eligibility for the ERC-3643 security token versions of:
MPRA — Maya Preferred PRA (Preferred Class)
MPRD — Maya Preferred (Common Class)
WMPRA — Wrapped Maya Preferred PRA
This outcome was not discretionary and was mandated by compliance requirements.
Upcoming Governance Vote
UK Financial Ltd also confirmed that an online governance vote will take place on January 31, 2026.
Token holders will vote on key compliance and structural matters related to the regulated ecosystem. No future economic outcomes are promised or implied.
About UK Financial Ltd
UK Financial Ltd is a digital-asset issuer focused on regulated, compliance-driven tokenization, utilizing ERC-3643 identity-verified security token standards to build transparent, auditable, and institution-ready digital financial instruments.
UK Financial Ltd
Corporate Addresses (Public Record)
United Kingdom
UK Financial Ltd
128 City Road
London EC1V 2NX
United Kingdom
United States
U. K. Financial Ltd.
8 The Green, STE A
Dover, DE 19901
United States
Corporate Websites:
Press Questions Please Contact:
James Dahlke,
President and CEO of
UK Financial Ltd &
The Maya Preferred Project
Email: UKFinancialLtd.com
