UK Financial Ltd has begun migrating its portfolio of 12 exchange-traded digital assets from Ethereum to MAYA CHAIN, the company's newly launched Ethereum Layer 2 network, marking a major step in its 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 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 aim of financing its Retirement Plan Program and the broader ecosystem, including the Maya Black unlimited-credit card. The company said it will delay the planned commercial activation of its ecosystem until the asset migration is completed. It also clarified that token sales are not the intended funding mechanism; the proposed strategy instead centers 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. Real-world asset tokenization — representing claims on physical assets such as precious metals through on-chain tokens — has developed into a closely followed segment of the digital asset market, where supply transparency and verifiable backing are recurring points of focus. Other exchange-traded and non-exchange-traded holdings, along with associated blockchain records, will follow. 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. ERC-3643 is a permissioned token standard that embeds identity-based transfer controls and is widely used for security tokens subject to compliance requirements. 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, a toolkit other projects have used to launch their own dedicated Layer 2 and Layer 3 networks anchored to Ethereum. The Layer 2 network operates with Chain ID 6292 and uses Ethereum mainnet for settlement, the model by which Layer 2 networks execute activity on their own chain while posting transaction data back to Ethereum. It supports EIP-4844 blob-based transaction data posting — the Ethereum upgrade that introduced dedicated blob space to reduce data publication costs for Layer 2 networks — 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 (scan.mayachain.io) provides public access to network activity, token records, Ethereum transaction batches, and an integrated bridge, offering 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). Chainlink is best known as an oracle network supplying external data and automation to blockchains, and CRE is designed to orchestrate on-chain and off-chain workflows of the kind used for structured data reporting. According to UK Financial, the 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. Whether CoinMarketCap reassesses that classification once migration records are linked is one of the observable developments to track as the rollout progresses.

DeFi Financing and the 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. DeFi lending markets set these parameters protocol by protocol, so borrowing terms can differ substantially across venues even for comparable collateral types.

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 play 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 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.

Source: UK Financial Moves 12 Tokens to Its New MAYA CHAIN Network — CoinTrust