Kinesis Silver (KAG) — Price, Chart & Trade Analysis

Kinesis Silver (KAG) is a digital asset representing physical silver, issued natively on the Kinesis Blockchain Network (a fork of Stellar), with a parallel ERC-20 wrapped version on Ethereum.

Each KAG token is backed 1:1 by allocated silver bullion held in Kinesis's insured global vaulting network, operated in partnership with Allocated Bullion Exchange (ABX). The Ethereum-based wrapper, issued by KMS Labs S.A., represents a 1:1 claim on the native Kinesis KAG held in reserve.

KAG offers holders a yield in addition to tracking the value of physical silver, rather than serving purely as a passive price-tracking instrument.

Holders who store silver on the Kinesis platform earn a share of Kinesis's global transaction-fee revenue, generated from a 0.45% fee applied to KAU/KAG transfers between holders and distributed monthly. This links returns to platform transaction activity rather than passive custody alone.

KAG functions as a utility, asset-backed token rather than a governance token.

• Represents ownership of allocated physical silver, redeemable through the Kinesis platform.
• Used to pay platform transaction fees (0.45% per KAU/KAG transfer).
• Earns holders a share of Kinesis's global transaction-fee revenue when silver is stored on-platform.
• Usable for payments via the Kinesis Card, which offers cashback in the sister gold token KAU.

Governance and voting-linked incentives are instead concentrated in the separate Kinesis Velocity Token (KVT).

KAG has no fixed maximum supply; tokens are minted continuously against physical silver deposits and burned on redemption.

• Circulating supply: approximately 3,724,726.86 KAG (as of October 17, 2025).
• Total supply: approximately 3.8 million KAG.
• Backing: approximately 3,729,719.33 troy oz of .999 fine silver held in reserve.

Net emission tracks physical bullion flows rather than a fixed schedule: supply expands with new deposits and contracts with redemptions, keeping the token neither systematically inflationary nor deflationary by design.

KAG itself has no ICO or fixed token sale; it has been continuously minted 1:1 against physical silver deposits since Kinesis's 2018 founding.

Kinesis funded its platform through an ICO of the separate Kinesis Velocity Token (KVT), running September 10, 2018 to March 17, 2019 and raising a reported $193,872,000. The Ethereum ERC-20 KAG wrapper contract was deployed much later, on 2025-09-11 — a recent extension to Ethereum, distinct from the platform's 2018 origin.

Native KAG is issued on the Kinesis Blockchain Network, a fork of Stellar's blockchain technology, with its own transaction explorer.

A parallel ERC-20 version of KAG is deployed on Ethereum as a wrapped, company-issued claim on the native token.

Thomas Coughlin founded Kinesis in 2018 and serves as its CEO, bringing approximately 17 years of experience in investment, funds management, and the bullion industry.

Coughlin also serves as CEO of Allocated Bullion Exchange (ABX), Kinesis's foundational precious-metals partner, which has operated since 2011.

Kinesis Cayman, a Virtual Asset Service Provider registered with the Cayman Islands Monetary Authority (reference 1877923), is the primary entity behind KAG.

• Allocated Bullion Exchange (ABX) operates the insured global vaulting network — including Dubai, Hong Kong, London, New York, Singapore, and Zurich — using security providers Brinks and Loomis.
• Kinesis Mint produces bullion products and custom minting services.
• KMS Labs S.A., incorporated in Panama, issues the Ethereum ERC-20 KAG wrapper.
• Currency One manages Kinesis's separate fiat-pegged stablecoin products.

KAG carries no on-chain voting or DAO governance; Kinesis operates as a centrally run corporate structure rather than a decentralized protocol.

The separate Kinesis Velocity Token (KVT), capped at 300,000 units, functions as a revenue-share instrument — entitling holders to 20% of global transaction-fee revenue and Kinesis Commercial Center commissions, paid monthly in KAU/KAG — but confers no voting rights over protocol parameters or company decisions.

Kinesis has announced several platform expansions through 2025-2026, described by the company rather than independently verified.

• A global multi-asset payroll solution enabling businesses to automate bulk transfers in KAU/KAG and other assets.
• The Kinesis Card program, offering 2% cashback in gold (KAU) with no subscription fees.
• New deposit options across Africa, including planned support for South Africa and Kenya.
• A global Kinesis Partner Program with "Partner's Yield," alongside integrations with PosPay and JFX GoldEx.

Kinesis commissions independent physical audits of the silver bullion backing KAG.

Inspectorate International, a Bureau Veritas company, most recently audited reserves on October 21-23, 2025, confirming 3,729,719.331 troy oz of .999 fine silver backing 3,724,726.86 circulating KAG, passing all inspection criteria. The Ethereum ERC-20 wrapper — under 1% of total KAG supply — shows high liquidity risk and concentrated holdings among a small holder base, not representative of the much larger native-chain KAG market.

KAG is a digital token representing physical silver, issued 1:1 on the Kinesis Blockchain Network (a Stellar fork), with an Ethereum ERC-20 wrapped version issued by KMS Labs S.A. Each token corresponds to allocated silver bullion held in Kinesis's insured vaulting network.

Yes. An October 2025 audit by Inspectorate International, a Bureau Veritas company, examined Kinesis's bullion reserves and found approximately 3,729,719.33 troy oz of .999 fine silver backing roughly 3,724,726.86 circulating KAG tokens, confirming full 1:1 allocation. The audit passed all inspection criteria, and Kinesis states such reports are made publicly available on its website.

No. KAG has no fixed supply cap; tokens are minted continuously against new physical silver deposits and burned upon redemption, so total supply tracks bullion held in reserve rather than a predetermined schedule. As of the most recent independent audit, circulating supply stood at approximately 3,724,726.86 KAG, backed on a 1:1 basis by allocated silver bullion.

Holders who store silver on the Kinesis platform receive a share of Kinesis's global transaction-fee revenue, generated from a 0.45% fee applied to KAU/KAG transfers between holders and distributed monthly in KAU or KAG. This links holder returns to platform transaction activity rather than solely to silver's price movements over time.

Thomas Coughlin founded Kinesis in 2018 and serves as its CEO, bringing about 17 years of experience in investment, funds management, and the bullion industry. He also serves as CEO of Allocated Bullion Exchange (ABX), Kinesis's foundational precious-metals partner, which has operated in the bullion industry since 2011.

No. KAG carries no on-chain voting or DAO governance. Kinesis operates as a centrally run corporate structure rather than a decentralized protocol governed by token holders. Its separate Kinesis Velocity Token (KVT), capped at 300,000 units, provides holders a share of transaction-fee revenue but confers no voting rights over protocol or company decisions.

Native KAG is issued on the Kinesis Blockchain Network (a Stellar fork). The Ethereum ERC-20 version, deployed September 11, 2025 by KMS Labs S.A., is a 1:1 claim on native KAG held in reserve and represents under 1% of total KAG supply.

Kinesis's physical silver reserves undergo regular independent audits by Inspectorate International, a Bureau Veritas company. The most recent audit, conducted October 21-23, 2025, examined bullion held across Kinesis's insured vaulting network and confirmed full 1:1 backing between circulating KAG tokens and physical silver, passing all inspection criteria applied.