KAU, issued by Kinesis Cayman, is a digital token representing allocated physical gold that gives each holder legal title to one gram of fully allocated, investment-grade fine gold bullion held in insured third-party vaults [S1][S2].

Each KAU is backed 1:1 by one gram of fine gold of minimum 999.9 purity, stored in fully insured, independently audited vaults via Allocated Bullion Exchange partners including Brinks and Loomis [S2]. Holders earn a monthly Holder's Yield calculated from a 15% share of global Kinesis transaction fee revenue, distributed proportionally and paid in physical metal [S1][S2]. Trading costs 0.22% and transfers cost 0.45% [S3].

Kinesis Cayman is an exempted company incorporated in the Cayman Islands with limited liability, registered as a Virtual Asset Service Provider with the Cayman Islands Monetary Authority (CIMA), reference 1877923 [S2][S4]. Holders are described as the legal owners of their gold at all times, with the underlying bullion held in custody and carved out of contractual liability limitations under Clause 6.4 of the Terms of Use [S1][S4]. Users complete KYC verification and explicit yield opt-in, and access is restricted where it would be contrary to applicable laws [S4]. Holders may redeem underlying bullion in increments of 100 KAU, with physical delivery offered [S1][S3].

Native KAU runs on the Kinesis Blockchain Network, built on optimised Stellar technology, and is also available as an ERC-20 token on Ethereum issued by KMS Labs S.A. representing a 1:1 claim on reserves [S1][S2][S5]. Tokens mint by depositing fiat or metals; mint trade execution is 0.45% [S3]. Holdings are physically verified every six months by Bureau Veritas, with monthly attestations published [S2][S6].

<Sources
  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://kinesis.money/" },
    { id: "S2", url: "https://kinesis.money/gold/" },
    { id: "S3", url: "https://kinesis.money/fees/" },
    { id: "S4", url: "https://kinesis.money/about-us/documents/terms-of-use/" },
    { id: "S5", url: "https://kinesis.money/silver/" },
    { id: "S6", url: "https://kinesis.money/about-us/documents/" },
  ]}
/>


# Asset Price methodology

## 1. Overview

Asset price represents the closing USD value of a tokenized asset at the end of each day. Daily prices are recorded to facilitate the valuation of on-chain activity and the calculation of market capitalization. Each price point reflects the market value at the conclusion of the UTC day.

## 2. Data sources

- **Asset metadata**: Token contract addresses, ticker identifiers, and on-chain launch timestamps
- **External data**: End-of-day price feeds and exchange rate feeds from market data providers
- **Blockchain data**: Data covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others) and non-EVM chains such as Solana, Aptos, and Near

## 3. Step-by-step calculation

### Component A: Market data retrieval

- **Purpose**: Collect raw daily price information
- **Logic**: Daily price data is retrieved from external market data providers. For assets pegged to specific currencies, prices are calculated using a multiplier and daily exchange rates. For assets traded on traditional exchanges where data is unavailable on certain days, such as weekends or holidays, missing values are filled with the last available closing price.

### Component B: Timestamp normalization

- **Purpose**: Align price data with daily reporting periods
- **Logic**: Timestamps are truncated to the daily grain. To accurately reflect the closing value, prices recorded at the start of a day (00:00:00 UTC) are assigned to the preceding calendar day.

### Component C: Asset mapping and deduplication

- **Purpose**: Associate prices with unique assets and resolve data overlaps
- **Logic**: Prices are mapped to assets using unique identifiers for EVM-compatible and non-EVM chains. To ensure data integrity, price records are filtered to include only those occurring on or after the asset's on-chain launch date. In instances where price data for a single asset is available from multiple sources, the data is deduplicated by selecting the record with the highest priority to ensure a single, consistent closing price.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Asset price

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 Gold (KAU) is a token tracking gold, backed by dedicated collateral, issued by Kinesis through KMS Labs S.A.

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

The backing metal is held in vaults 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.

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

Kinesis GoldKAU