XNK, issued by Kinka (BVI) Ltd., is a digital token representing allocated physical gold, where each token corresponds to one fine troy ounce of London Good Delivery or Osaka Exchange grade bullion of 99.99% or higher purity. [S1][S2][S3]

Each XNK tracks the spot price of gold, with the token price pegged directly to the price of one fine troy ounce of gold held in vaults. [S2][S4] The product is 100% reserve-backed by physical gold at a 1:1 ratio. [S1][S2] It does not generate dividends, coupons, or interest. [S1] No custody, management, or purchase transaction fee is charged, though a fee applies when converting XNK to physical gold, and holders bear Ethereum network gas fees. [S2]

Kinka (BVI) Ltd. is a company limited by shares incorporated in the British Virgin Islands, governed by BVI law. [S5][S6] The Terms of Use state XNK can be exchanged for gold bullion but is not, nor should be construed as, an investment, security, share, interest, or other financial product, and that the service is not regulated by the BVI Financial Services Commission. [S5] Customers must complete AML and KYC checks. [S5] Holders may redeem 1 XNK for 1 ounce of gold through in-kind physical conversion. [S1][S2] Physical gold is held in bankruptcy-remote custody, segregated from Kinka's assets, managed by Gold Management LLC and vaulted by Loomis International. [S1][S2]

XNK is issued as an ERC-20 token on Ethereum and natively on Cardano via EMURGO's real-world asset tokenization platform. [S1][S2][S7] New XNK is minted as additional physical gold is added to vault reserves, maintaining 1:1 backing. [S1][S4] Primary acquisition occurs over-the-counter with a 0.1 ETH minimum, and the token price is pegged directly to the gold spot price. [S4][S8]

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  items={[
    { id: "S1", url: "https://kinka-gold.com" },
    { id: "S2", url: "https://kinka-gold.com/explore/" },
    { id: "S3", url: "https://kinka-gold.com/wp-content/uploads/2022/12/Kinka_privacy-policy_ver1.pdf" },
    { id: "S4", url: "https://kinka-gold.com/get-xnk/" },
    { id: "S5", url: "https://kinka-gold.com/wp-content/uploads/2022/12/Kinka_Terms-of-Use_ver1.pdf" },
    { id: "S6", url: "https://kinka-gold.com/contact/" },
    { id: "S7", url: "https://kinka-gold.com/kinka-on-chain-gold-launches-on-cardano-with-emurgo-support/" },
    { id: "S8", url: "https://kinka-gold.com/get-xnk/" },
  ]}
/>


Tokenized commodities

Kinka issues XNK tokens backed 1:1 by LBMA-standard gold stored in bankruptcy-remote Japanese vaults.

Kinka is the issuer of XNK, a tokenized gold commodity token where each XNK represents one troy ounce of LBMA-standard gold. XNK is deployed on both Cardano and Ethereum.

Kinka is a gold-backed tokenized commodity issuer, launched with support from EMURGO on Cardano.

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Real-world asset (RWA) issuers

Kinka

Kinka Gold XNK (XNK) is a gold-backed token issued by Kinka through Kinka (BVI) Ltd.

Each token represents one troy ounce of gold and is a direct claim on the issuer.

The backing metal is held in vaults operated by Loomis International Ltd on a segregated basis and carries no storage fee for holders.

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

Holder terms are governed by the law of the British Virgin Islands.

XNK has been issued on public blockchains since December 2023 and is native to Ethereum and Cardano.

Kinka Gold XNKXNK

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