The complete technical specification for Maya Blockchain — an Ethereum-based blockchain for UK Financial Ltd tokenized assets.
Maya Blockchain is a sovereign Ethereum-based Layer 2 blockchain designed exclusively for UK Financial Ltd tokenized project assets. The chain supports both standard ERC-20 utility tokens and ERC-3643 regulated security tokens, providing a unified platform for compliant digital asset issuance, trading, and management. By leveraging optimistic rollup technology, Maya Blockchain inherits the security guarantees of Ethereum Mainnet while offering dramatically reduced transaction costs and near-instant finality.
The current landscape of tokenized assets faces significant fragmentation. Projects issuing both utility tokens and security tokens must navigate multiple platforms, each with different compliance frameworks, gas costs, and liquidity pools. UK Financial Ltd manages 13 distinct tokenized project assets, each requiring reliable, cost-effective, and compliant blockchain infrastructure. Existing public chains impose unpredictable gas fees and lack native support for the regulatory requirements of security tokens under UK FCA guidelines.
Maya Blockchain addresses these challenges by providing a dedicated Ethereum L2 environment where all UK Financial Ltd tokens coexist under a unified governance and compliance framework. The chain natively supports ERC-20 tokens for utility and governance purposes, while implementing the ERC-3643 standard (T-REX protocol) for security tokens that require identity verification, whitelisting, and transfer restrictions. This dual-standard approach eliminates the need for multiple blockchain deployments while maintaining full regulatory compliance.
All UK Financial Ltd project tokens are deployed as ERC-20 compliant smart contracts on Maya Blockchain. The ERC-20 standard provides a common interface for fungible tokens, enabling seamless integration with wallets, exchanges, and DeFi protocols. Each token contract includes standard functions for transfer, approval, and balance queries, ensuring interoperability across the entire Ethereum ecosystem. Maya Blockchain's EVM compatibility means existing Solidity tools, libraries, and auditing frameworks work without modification.
For tokens classified as securities under UK FCA regulations, Maya Blockchain implements the ERC-3643 standard (formerly T-REX). This standard extends ERC-20 with on-chain identity verification through the ONCHAINID framework, transfer restriction rules enforced at the smart contract level, a compliance module that validates every transaction against regulatory requirements, and an identity registry that maintains a whitelist of verified investors. Only addresses that have completed KYC/AML verification and are registered in the identity registry can hold or transfer ERC-3643 tokens.
Maya Blockchain's whitelisting system operates at the protocol level, ensuring that compliance is not an afterthought but a fundamental feature. The identity registry smart contract maintains a mapping of verified wallet addresses to their corresponding ONCHAINID identity contracts. Each identity contract stores verifiable claims issued by trusted claim issuers (such as KYC providers). When a transfer is initiated, the compliance module checks both the sender and receiver against the identity registry, verifies that required claims are present and valid, and enforces any additional transfer restrictions.
The Maya Blockchain hosts the complete portfolio of UK Financial Ltd tokenized project assets. These include utility tokens for ecosystem governance and access, project-specific tokens representing fractional ownership in real-world assets, and reward tokens distributed through staking and participation programs. All tokens benefit from Maya Blockchain's low gas costs, fast finality, and unified compliance framework.
Maya Blockchain is built on the OP Stack framework, deploying as an optimistic rollup that settles to Ethereum Mainnet. The architecture consists of a sequencer node that orders transactions and produces L2 blocks, a batcher that compresses transaction data and posts it to Ethereum via EIP-4844 blobs, a proposer that submits state root commitments to the L1 settlement contract, and a fault proof system that enables permissionless challenge of invalid state transitions.
Maya Blockchain governance is managed by MAYA token holders through an on-chain DAO. Governance proposals can modify protocol parameters, upgrade smart contracts, and allocate treasury funds. The initial governance structure is managed by UK Financial Ltd with a progressive decentralization roadmap. The roadmap includes testnet launch in Q2 2026, mainnet genesis in Q4 2026, and full sequencer decentralization in 2027.