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.
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.
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.
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