UK Financial Ltd confirmed that it has completed a series of internal compliance and technical preparations related to the planned transition of the MayaCat digital asset framework. The preparations relate to the introduction of a structured ERC-3643-based token configuration intended for future exchange trading, subject to applicable regulatory review and approvals.
The company stated that the actions undertaken are part of its broader efforts to align its digital asset infrastructure with evolving regulatory and institutional requirements.
Compliance Preparations Completed
According to UK Financial Ltd, the following technical and operational measures have been implemented as part of the transition process:
- Deployment of ERC-3643 structured token contracts
- Activation of on-chain identity and compliance registries
- Implementation of transfer-validation logic within token contracts
- Establishment of auditable on-chain supply controls
- Whitelisting of the CATEX exchange custodial wallet for testing and compliance purposes
- Introduction of transfer restrictions designed to limit interaction to verified wallets
- Ongoing updates to compliance and identity-related smart contracts, as required
The company noted that these measures are intended to support a regulated digital asset framework, though final exchange trading remains subject to external review and clearance.
CATEX Trading Update
UK Financial Ltd indicated that CATEX may begin discontinuing trading support for the legacy ERC-20 MayaCat (MCAT) token as part of the transition process.
Once discontinued, legacy MCAT tokens will no longer represent the updated structured asset framework. The company advised that holders should refrain from transferring legacy MCAT tokens to CATEX once the phase-out process begins.
Future exchange-based trading of MayaCat-related assets, if approved, is expected to occur under the updated structured token configuration.
Governance Vote Scheduled
UK Financial Ltd also confirmed that an online governance vote is scheduled for January 31, 2026, relating to the future structure of the Secure Futures Program, which is positioned as an evolution of the Maya Preferred Retirement Plan.
Participation in the vote will be open to eligible investors and token holders, with voting conducted through an online governance portal to be hosted on the company’s official website.
Matters Proposed for Governance Consideration
Items expected to be presented for governance consideration include, but are not limited to:
- Distribution structure options
- Custodial and settlement frameworks
- Retirement-plan and secured-futures structures
- Additional compliance-related matters to be disclosed prior to the vote
Any structural changes would be subject to the outcome of the governance process.
About UK Financial Ltd
UK Financial Ltd is a financial technology company focused on digital asset infrastructure, tokenization frameworks, and blockchain-based systems. The company operates across multiple jurisdictions and maintains both UK and U.S. corporate registrations.
Corporate Addresses (Public Record)
United Kingdom
UK Financial Ltd
128 City Road
London EC1V 2NX
United Kingdom
United States
K. Financial Ltd.
8 The Green, STE A
Dover, DE 19901
United States