KAG, issued by Kinesis Cayman, is a digital currency representing allocated physical silver that gives each tokenholder legal title to one troy ounce of fully allocated investment-grade silver bullion stored in insured third-party vaults [S1][S2].

Each KAG is backed 1:1 by one ounce of fine silver of minimum 999 purity [S1]. Holders earn a monthly Holder's Yield calculated from a 15% share of global Kinesis transaction fee revenue, distributed proportionally among KAU and KAG holders and paid in physical metal [S1][S2]. Holders bear trading fees of 0.22%, transfer fees of 0.45%, and a physical redemption fee of 0.45% plus $100 and delivery costs; storage is provided at no charge [S3].

Kinesis Cayman is an exempted company incorporated with limited liability in the Cayman Islands and registered as a Virtual Asset Service Provider with the Cayman Islands Monetary Authority (CIMA), reference 1877923 [S4][S5]. Each KAG represents custodial holding of bullion that remains the legal property of the holder at all times, with the underlying silver carved out of the issuer's liability limitations under Clause 6.4 [S2][S4]. Users complete KYC verification and opt in to receive yield, and access is restricted where contrary to applicable laws [S4]. Bullion is held fully allocated, insured, and audited via ABX vault partners including Brinks and Loomis [S5][S2].

Native KAG runs on the Kinesis Blockchain Network, built on Stellar technology, with an ERC-20 wrapped version on Ethereum issued by KMS Labs S.A. representing a 1:1 claim on reserves [S2][S1]. Tokens mint by depositing fiat or metals at 0.45% execution and redeem to physical silver in increments of 200 KAG [S3]. Holdings are verified twice yearly by Bureau Veritas, with monthly attestations published [S5].

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    { id: "S4", url: "https://kinesis.money/about-us/documents/terms-of-use/" },
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Tokenized commodities

Unlike traditional precious metal providers, Kinesis generates revenue through 0.22% transaction fees rather than storage fees or mark-ups, distributing 57.5% of fee revenue back to users as monthly yields. All bullion is independently audited twice per year, and users maintain legal ownership of their metals at all times with on-demand physical delivery available.

The platform provides digital currencies KAU (gold-backed) and KAG (silver-backed) that grant legal ownership of physical precious metals stored in fully insured vaults at zero storage cost. Users can buy, sell, trade, and request physical delivery while earning yields from transaction fees through six reward mechanisms.

Kinesis is a financial platform and Virtual Asset Service Provider regulated by the Cayman Islands Monetary Authority that enables users to hold, transact, and earn returns on tokenized precious metals backed 1:1 by physical bullion.

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Real-world asset (RWA) issuers

Kinesis

Kinesis Silver (KAG) is a token tracking silver, backed by dedicated collateral, issued by Kinesis through KMS Labs S.A.

Each token tracks one troy ounce of silver and is a collateral-backed contractual exposure rather than a direct claim on the issuer.

The metal is held in vaults in the United Arab Emirates, Hong Kong, Türkiye, Liechtenstein, the United Kingdom, the United States, Singapore, Australia, Canada, Switzerland, Panama, and Indonesia operated by Brinks and Loomis Zurich, is attested by Bureau Veritas, and carries no storage fee for holders.

Retail investors, professional investors, accredited investors, qualified investors, qualified purchasers, and institutions can mint and redeem directly with Kinesis after completing KYC, and holders have a contractual right to redeem for physical delivery of the metal or its cash value.

KAG has been issued on Ethereum as an ERC-20 token since September 2025.

Kinesis SilverKAG

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