Kinesis Silver (KAG) is a digital currency backed 1:1 by physical silver bullion. Blockchain technology enables users to spend, trade, and store silver as money. Each KAG token represents direct ownership of one ounce of investment-grade silver stored in audited vaults worldwide. ^[1]

Overview

Kinesis Silver (KAG) is a digital currency backed 1:1 by physical silver, with each unit representing one ounce of fine silver stored in fully insured, audited vaults under the holder’s name. Built by Kinesis Money as a blockchain-based alternative to fiat, KAG enables users to spend, trade, send, and earn silver globally. Through the Kinesis Virtual Card, holders can use KAG in real-time, with assets converted instantly at the point of purchase, while also earning monthly yields in physical silver for spending, holding, or trading. All silver backing KAG is fully allocated and redeemable from 200 ounces at global hubs. Managed by the Allocated Bullion Exchange (ABX), KAG is supported by institutional expertise and verified by biannual audits for quality and proper allocation. Additional rewards, including cashback in gold, further integrate KAG into everyday transactions, reinforcing silver’s role as an accessible and practical form of money. ^[1]

Features

1:1 Allocation Model

Every KAG token is backed by one troy ounce of physical silver with a minimum fineness of 999, stored in secure vaults. Unlike many traditional banking or investment products, where ownership may be pooled or shared, the silver backing KAG is fully allocated to the token holder. This means that when users hold KAG, they have direct title to the corresponding physical silver. ^[1]

Vaulting and Security

The physical silver backing KAG is stored in a network of fully insured vaults across multiple jurisdictions. This geographic distribution helps mitigate geopolitical risks while ensuring the security of the underlying assets. All vaults in the Kinesis network are professionally managed, and comprehensive insurance coverage against theft, damage, and other potential risks is maintained. ^[3]

Audit and Verification

To ensure transparency and maintain trust in the system, all silver holdings are subject to independent, biannual audits conducted by Inspectorate, a Bureau Veritas company specializing in commodity inspection and verification. These audits verify the silver backing KAG tokens' existence, quantity, and quality, with results published publicly for stakeholder review. ^[4]