UK Financial Ltd has begun migrating its portfolio of 12 exchange-traded digital assets from Ethereum to its newly launched MAYA CHAIN network, marking a major step in the company’s blockchain infrastructure strategy. The initiative is intended to consolidate corporate-owned token holdings and supporting asset records before the company activates its planned decentralized finance (DeFi) financing operations.
MAYA CHAIN, an Ethereum Layer 2 network, became operational on October 15, 2026. Developed by blockchain infrastructure partner Xora Labs (Pvt) Limited, the network is designed to support the Maya Preferred ecosystem, including tokenized assets, exchange infrastructure, wallet services, and corporate financial programs.
UK Financial plans to use eligible company-owned digital assets as collateral for DeFi borrowing, with the objective of financing its Retirement Plan Program and broader ecosystem, including the Maya Black unlimited-credit card.
The company said it would delay the planned commercial activation of its ecosystem until the asset migration is completed. It also clarified that token sales were not its intended funding mechanism, with the proposed strategy instead centered on borrowing against eligible corporate assets.
MAYA CHAIN Begins With Legacy Token Migration
The migration program will initially cover Maya Preferred PRA (MPRA), the project’s flagship gold- and silver-backed real-world asset token. The process will subsequently include other exchange-traded and non-exchange-traded holdings, together with associated blockchain records.
The portfolio includes CATEX-listed ecosystem assets, Wrapped Maya Preferred PRA (WMPRA), and the Retirement Plan Program token (RPWMPRA). UK Financial plans to transfer its ERC-20 holdings first, followed by its ERC-3643 security tokens. The company also maintains pricing arrangements linking WMPRA and RPWMPRA to MPRA.
Established in 2018, UK Financial has developed digital asset infrastructure through its Maya Preferred ecosystem. The company considers MPRA one of the early gold-backed token projects, although that historical distinction remains its own characterization.
Network Monitoring and Blockchain Infrastructure
MAYA CHAIN is built using Arbitrum Nitro and the Arbitrum Orbit framework. The Layer 2 network operates with Chain ID 6292 and uses Ethereum mainnet for settlement. It also supports EIP-4844 blob-based transaction data posting and uses M3G, or Maya 3G, as its native gas token.
The network incorporates Arbitrum’s BoLD dispute protocol alongside a permissioned validator set. UK Financial says its infrastructure is monitored continuously.
Its MayaScan explorer provides public access to network activity, token records, Ethereum transaction batches, and an integrated bridge. The infrastructure is intended to provide visibility into asset migration and network operations.
Chainlink-Based Supply Verification
The company has also established a circulating-supply reporting system using Chainlink’s Runtime Environment (CRE). According to UK Financial, its MPRA supply-verification workflow became operational on July 31, 2026.
The published circulating supply stands at 977,896.534 MPRA out of a total supply of 200 million tokens. The calculation excludes approximately 155.02 million MPRA held in the Corporate Assets Hub and 44 million held in the Irrevocable Treasury Vault.
UK Financial is seeking a review of its published supply reports and supporting wallet records by CoinMarketCap, which continues to classify MPRA’s circulating supply as self-reported. The company intends to connect its existing verification records with MAYA CHAIN migration data.
DeFi Financing and UK Financial Moonshot Token
The proposed financing strategy involves calculating the value of eligible corporate token holdings and applying lending limits established by the selected DeFi protocols. Actual borrowing capacity will depend on collateral acceptance, valuation methods, available liquidity, and liquidation requirements.
The company’s broader portfolio strategy also involves 11 exchange-traded tokens, with individual holdings valued using their respective token balances and market prices.
UK Financial Moonshot Token (UKFLMS), which includes a Solana-based Preferred Class and a Robinhood-chain Common Class, is expected to have a role in the wider initiative. The company reported a market price of approximately $0.00123 at the time of its announcement.
Chief Executive James Dahlke said the company had transferred gold-backed MPRD tokens into its Irrevocable Treasury Vault, representing approximately $0.15 in claimed gold backing per UKFLMS token based on its valuation.
UK Financial intends to strengthen its ecosystem’s asset backing through additional allocations and publicly accessible documentation detailing corporate holdings, token balances, and pricing references.
The migration to MAYA CHAIN is therefore positioned as the foundation for the company’s proposed financing model. However, the anticipated borrowing capacity, additional token backing, and commercial benefits will depend on completed asset transfers, independent verification, and the availability of suitable DeFi lending arrangements.
