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UK Financial Ltd has confirmed that MayaCat is progressing within the regulatory compliance phase. The token now holds historic status as the industry’s first ExchangeUK Financial Ltd has confirmed that MayaCat is progressing within the regulatory compliance phase. The token now holds historic status as the industry’s first Exchange

UK Financial Ltd’s MayaCat Becomes the First Exchange-Traded Token Structured Under ERC-3643

Author: PlatinumcryptoacademySource: Platinumcryptoacademy
2026/01/27 02:54

UK Financial Ltd has confirmed that MayaCat is progressing within the regulatory compliance phase. The token now holds historic status as the industry’s first Exchange Traded ERC-3643  security token. This regulatory shift includes an 88.5% supply reduction that creates significant ownership gains for existing holders. The legacy MCAT supply of two billion tokens 

was consolidated into a new SMCAT structure capped a 50 million Created Tokens tokens and  a 5m token flost7. This restructuring increased holder ownership by approximately 4000%.

“This isn’t just another token reduction, it’s a message to regulators and the market that we’re doing this the right way,” said James Dahlke, President, CEO and Founder of UK Financial’s asset-backed digital framework. The CEO emphasized that compliance-first design attracts institutional capital that speculation cannot reach. 

CATEX exchange provides the trading venue for this regulated token transition. All legacy MCAT tokens will convert automatically to compliant SMCAT tokens on the exchange platform. The company coordinated directly with CATEX exchange to determine the most efficient conversion method. Trading resumed on CATEX with institutional-grade infrastructure fully operational.

ERC-3643 enforces compliance through smart contract logic rather than external systems. Transfer validation occurs on-chain using digital identity verification integrated directly into token mechanics. Both investor eligibility rules and offering rules must be satisfied simultaneously before any transfer executes. Smart contracts reject transactions if counterparties fail to meet compliance criteria. This way will ensure only verified SMCAT holders can receive, hold, or transfer tokens.

UK Financial Ltd has also initiated an independent third-party verification process with CoinMarketCap for SMPRA and SMCAT supply figures. This verification confirms circulating float limits and total outstanding supply through external validation. CoinMarketCap’s independent methodology ensures supply metrics remain transparent and publicly verifiable. This verification opens institutional capital channels previously unavailable to unverified projects.

About CATEX Exchange

CATEX is a cryptocurrency exchange established in 2018 with staking, farming and multiple faucet features. The platform has global communities across Brazil, Vietnam, South Korea, Bangladesh, Russia, Turkey, the Middle East, India, Indonesia, and the United States. The exchange supports crypto-to-crypto trading with low fees and fast settlement. All SMCAT tokens will trade on CATEX with full compliance protocols embedded into the platform’s transaction validation system.

About The Maya Preferred Project

The Maya Preferred Project operates under its flagship company, UK Financial Ltd with eight years of continuous operational history. No insiders have taken compensation since 2019, maintaining exclusive focus on token holder value creation. Even when decisions are difficult, the commitment to compliance and long-term credibility has never changed.

Earnings Disclaimer: The information you’ll find in this article is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgement and perform due diligence before using the information in this article. Your success is still up to you. Nothing in this article is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. If you break the city or other local laws, we will not be held liable for any damages you incur.

The post UK Financial Ltd’s MayaCat Becomes the First Exchange-Traded Token Structured Under ERC-3643 appeared first on Platinum Crypto Academy.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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