NewsCryptoUK Financial Ltd Launches MAYA CHAIN Ethereum Layer 2 and Begins Asset Migration

UK Financial Ltd Launches MAYA CHAIN Ethereum Layer 2 and Begins Asset Migration

Author: Blocktelegraph·

Key Takeaways

  • •MAYA CHAIN is an Ethereum Layer 2 rollup built on Arbitrum Nitro through Arbitrum Orbit with Chain ID 6292, live since October 15, 2026, using M3G for gas and posting transaction batches as EIP-4844 blobs settled to Ethereum mainnet.
  • •The migration program begins with Maya Preferred PRA (MPRA) and covers ERC-20 holdings first, followed by ERC-3643 permissioned security tokens, including Wrapped Maya Preferred PRA and the Retirement Plan Program token.
  • •UK Financial Ltd intends to pledge eligible holdings recorded on MAYA CHAIN as collateral to obtain DeFi financing for the Retirement Plan Program, the wider ecosystem, and the Maya Black card, stating that token sales are not part of its funding strategy.
  • •A Chainlink CRE workflow live since July 31, 2026 reports MPRA circulating supply of 977,896.534 out of 200,000,000 total, but CoinMarketCap still classifies the figure as self-reported, and the company is pressing the platform to review its published reports for verified-supply status.
  • •The company's Corporate Assets Hub holds 155,022,103 MPRA, a corporate position UK Financial Ltd values at more than 158 times the worth of its roughly 977,897-token public circulating supply at the same quoted price.
UK Financial Ltd Launches MAYA CHAIN Ethereum Layer 2 and Begins Asset Migration

UK Financial Ltd announced that MAYA CHAIN, its Ethereum Layer 2 blockchain, is live and that the migration of its asset portfolio of 12 exchange-traded tokens from Ethereum onto the new network is underway. The company is consolidating company-owned tokens and related asset records to prepare for DeFi financing backed by eligible corporate collateral. Layer 2 networks process transactions on their own infrastructure while settling back to Ethereum mainnet, a design intended to reduce fees and increase throughput.

According to the company, its strategic DeFi leverage plan, once executed, will completely finance its entire ecosystem, including the Retirement Plan Program and the Maya Black card, an unlimited credit card.

MAYA CHAIN has been live since October 15, 2026. Its creator, UK Financial Ltd, has operated in the digital asset sector since 2018. The blockchain was developed by Xora Labs (Pvt) Limited, the company's blockchain infrastructure partner (www.xoralabs.io). UK Financial Ltd is holding its planned commercial activation until the asset migration is complete, making asset consolidation the priority before those business operations begin.

"UK Financial Ltd has never sold a token, and token sales are not our funding strategy," said Richard Crespo, Vice President of UK Financial Ltd. "We are consolidating assets on MAYA CHAIN so we can seek DeFi financing against eligible company-owned collateral. Our objective is to support the Retirement Plan Program and the wider ecosystem, including the Maya Black card, through leverage."

Legacy Tokens Lead the Migration

The migration program begins with Maya Preferred PRA (MPRA), the preferred-class token of the Maya Preferred Project. It will continue across the company's exchange-traded and non-exchange-traded token holdings, together with on-chain records for other transferable assets.

The scope includes CATEX-listed ecosystem assets, Wrapped Maya Preferred PRA (WMPRA) and the Retirement Plan Program token (RPWMPRA). UK Financial Ltd plans to migrate its ERC-20 token holdings first, followed by its ERC-3643 security-token holdings. ERC-3643 is an Ethereum standard for permissioned tokens whose transfer rules are enforced at the token-contract level, a format commonly used for security tokens. WMPRA and RPWMPRA have pricing arrangements linked to MPRA.

UK Financial Ltd's flagship token, Maya Preferred PRA, is a gold- and silver-backed Real World Asset Token. Tracing the Maya Preferred Project's origins to 2018, the company regards MPRA as one of the first, if not the first, gold-backed tokens. The announcement did not specify a completion date for the migration.

Existing Chainlink CRE Supply Verification

Token-supply reporting is already in place through the company's Chainlink Runtime Environment (CRE)-based program. CRE is Chainlink's platform for building and running operational workflows, such as automated data reporting, across Chainlink infrastructure. UK Financial Ltd reports that its MPRA circulating-supply workflow went live on July 31, 2026. Supply-verification information and the linked Ethereum receiver contract are available at and reports for other ecosystem tokens are available at

The published circulating supply is 977,896.534 MPRA. Using Ethereum token and wallet balances rounded to three decimal places, the workflow subtracts 155,022,103.466 MPRA held in the Corporate Assets Hub and 44,000,000 MPRA held in the Irrevocable Treasury Vault from the total supply of 200,000,000 MPRA.

CoinMarketCap continues to label MPRA's circulating supply as "self-reported." On market data platforms, that designation means supply figures are submitted by the project itself rather than verified independently by the platform. UK Financial Ltd is calling on the platform to review the published CRE reports and supporting wallet records and clarify any outstanding requirements for its own verified-supply classification. The company intends to connect its existing supply reports with MAYA CHAIN migration records and supporting asset documentation.

Leveraging Company Assets on MAYA CHAIN

UK Financial Ltd says the scale of its MAYA CHAIN strategy extends beyond the public circulating supply displayed on token market trackers. Circulating supply multiplied by price measures public circulating market capitalization, while company-owned token balances multiplied by their respective quoted prices measure the quoted value of UKFL's own holdings, including tokens excluded from public circulation.

MPRA illustrates the difference. The company's published supply report lists approximately 977,897 MPRA in public circulation, compared with 155,022,103 MPRA in its Corporate Assets Hub alone. At the same quoted token price, that corporate position represents more than 158 times the value calculated using public circulating supply.

The company's broader strategy encompasses holdings across 11 exchange-traded tokens. Each company-owned position is calculated separately using its token balance and quoted market price, then combined to describe the portfolio's quoted value.

UK Financial Ltd intends to use eligible holdings recorded on MAYA CHAIN as collateral to seek DeFi financing for its Retirement Plan Program, wider ecosystem and Maya Black card. The financing calculation is: Accepted collateral value × permitted lending percentage = potential DeFi financing capacity. Actual financing depends on the selected protocol's accepted collateral valuation, lending limits and available liquidity. Any borrowing carries repayment obligations and collateral-liquidation terms. Unlike a negotiated credit facility, DeFi loans execute through protocol rules: eligible collateral is locked on-chain and lending limits apply automatically, which is why the company's plan sequences asset migration and public balance records ahead of any borrowing.

UK Financial Moonshot Token Role to Be Announced

UK Financial Moonshot Token (UKFLMS) is part of the broader ecosystem plan, including its Solana-based Preferred Class and Robinhood-chain Common Class. UK Financial Ltd says the token has a planned strategic role in the MAYA CHAIN initiative, which the company believes will dramatically increase the value of UK Financial Moonshot Token, especially the Preferred Class Token on the Solana blockchain. At the time of the announcement, UK Financial Moonshot Token was trading at roughly $0.00123, making it the lowest-priced token in the company's ecosystem.

"We have already transferred gold-backed Maya Preferred MPRD tokens into the company's Irrevocable Treasury Vault, providing approximately $0.15 in gold backing per UK Financial Moonshot Token based on our valuation," said James Dahlke, President and CEO of UK Financial Ltd. "We used MPRD, our common-class token, because Etherscan displayed its value while our repeated requests to display the current preferred-class MPRA token's price remained unresolved. We had also raised concerns about pricing appearing against the retired MAYP token while current MPRA holdings showed zero. That left holders seeing a zero beside an asset we were explaining as gold-backed, creating confusion we were determined to resolve. Eight years of work will not be defined by a zero on somebody else's screen. We are moving our assets onto MAYA CHAIN and publishing token balances, pricing references and supporting asset records that the public can review. We intend to strengthen the backing of our ecosystem tokens, including UK Financial Moonshot Token, through additional asset allocations and clear documentation. Our holders deserve to see what the company owns, what backs their tokens and how those figures are calculated."

Live Ethereum Layer 2 Infrastructure

MAYA CHAIN is an Ethereum Layer 2 rollup built on Arbitrum Nitro through Arbitrum Orbit, with Chain ID 6292 and Ethereum mainnet settlement. It posts transaction batches as EIP-4844 blobs, uses M3G (Maya 3G) for gas and supports standard Ethereum development tools. Arbitrum Orbit is a framework for launching dedicated chains on Arbitrum Nitro's technology stack. EIP-4844, activated in Ethereum's 2024 Dencun upgrade, added blob-carrying transactions that give Layer 2 networks a lower-cost channel for posting data to mainnet.

MayaScan () provides public access to network activity, token records, Ethereum batch information and an integrated bridge. The network uses Arbitrum's BoLD dispute protocol with a permissioned validator set, and UK Financial Ltd states that the network is monitored around the clock.

Key resources:

  • MAYA CHAIN website and documentation:
  • MayaScan (block explorer, bridge/transfers):
  • Public RPC:
  • MPRA supply verification:
  • Other token supply reports:

About UK Financial Ltd

Established in 2018, UK Financial Ltd develops blockchain infrastructure and digital asset technology through the Maya Preferred ecosystem. Its projects include tokenization, wallet technology, exchange infrastructure and MAYA CHAIN.

Media contact: James Dahlke, President and CEO, UK Financial Ltd. Email: info@ukfinancialltd.com. Website: Complete ecosystem website: News channel: