Connecting gold into the digital economy

KMS Labs issues ERC-20 gold (KAU) and silver (KAG) tokens on the Ethereum network, each backed 1:1 by reserves of Kinesis KAU and KAG, enabling cross-chain integration*.

*Each ERC-20 token represents a 1:1 claim on Kinesis KAU or KAG held in reserve by KMS Labs S.A. (a company incorporated in Panama). Kinesis KAU and KAG are issued by Kinesis Cayman and are  in turn backed 1:1 by fully allocated physical bullion stored in insured third-party vaults by ABX’s vault partners. Redemption of ERC-20 tokens for Kinesis KAU/KAG is subject to KMS Labs’ terms and conditions and compliance onboarding, following which physical redemption may be made via Kinesis Cayman on terms and conditions.

Gold & silver without barriers

ERC-20 access to tokens backed 1:1 by Kinesis KAU and KAG – themselves backed by fully allocated physical gold and silver bullion.

Cross-chain access

Access KMS Labs ERC-20 gold and silver tokens with the compatibility of the Ethereum network, backed 1:1 by Kinesis KAU and KAG. Kinesis KAU and KAG are also available on the Kinesis blockchain.

Built for global exchange integration

KMS Labs meets the custody, liquidity, listing, and trading requirements of tier-one exchanges – on-chain gold and silver purpose-built for efficient integration.

The next generation of asset-backed collateral

KMS Labs enables the direct deployment of gold and silver across the Decentralised Finance (DeFi) markets for liquidity provision, collateralization, and capital efficiency.

Built on the Gold Standard. 
Issued on Ethereum and backed by Kinesis tokens.

KMS Labs issues ERC-20 gold (KAU) and silver (KAG) tokens on Ethereum, each backed 1:1 by reserves of Kinesis KAU and KAG held on the Kinesis blockchain.

Gold (KAU) on Ethereum

Mainnet address:
View on Etherscan

Ethereum is the world’s largest smart contract platform, offering deep liquidity, DeFi integrations, and broad exchange support.

Token Standard:
ERC-20 (on Ethereum)

Key features:

  • Fully fungible ERC-20 standard token
  • Widely supported across ETH wallets, exchanges and DeFi
  • Upgradeable contract architecture (EIP-1967 proxy pattern)
  • 18 decimal precision

Fully backed: each ERC-20 KAU is backed 1:1 by Kinesis KAU held in reserve by KMS Labs. Kinesis KAU is in turn backed 1:1 by fully allocated physical gold bullion stored in insured third-party vaults. View native custody wallet holding KMS Labs KAU reserves here.

Issuer: KMS Labs (Panama). ERC-20 token holders’ rights and counterparty exposure are with KMS Labs. See KMS Labs T&Cs for full details.

Independent audits: Gold and silver reserves independently audited for Allocated Bullion Exchange (ABX) and verified against on-chain supply. These audits relate to Kinesis KAU only. Independent verification of ERC-20 KAU reserve holdings will be disclosed separately.

Silver (KAG) on Ethereum

Mainnet address:
View on Etherscan

Ethereum is the world’s largest smart contract platform, offering deep liquidity, DeFi integrations, and broad exchange support.

Token Standard:
ERC-20 (on Ethereum)

Key features:

  • Fully fungible ERC-20 standard token
  • Widely supported across ETH wallets, exchanges and DeFi
  • Upgradeable contract architecture (EIP-1967 proxy pattern)
  • 18 decimal precision

Fully backed: each ERC-20 KAG is backed 1:1 by Kinesis KAG held in reserve by KMS Labs. Kinesis KAG is in turn backed 1:1 by fully allocated physical gold bullion stored in insured third-party vaults. View native custody wallet holding KMS Labs KAG reserves here.

Issuer: KMS Labs (Panama). ERC-20 token holders’ rights and counterparty exposure are with KMS Labs. See KMS Labs T&Cs for full details.

Independent audits: Gold and silver reserves independently audited for Allocated Bullion Exchange (ABX) and verified against on-chain supply. These audits relate to Kinesis KAG only. Independent verification of ERC-20 KAG reserve holdings will be disclosed separately.

Best-in-class custody

The physical gold and silver backing Kinesis KAU and KAG is stored in fully insured, independently audited third-party vaults managed by Allocated Bullion Exchange (ABX), with vault partners including Loomis Zurich and Brinks. Kinesis KAU and KAG holders hold full legal title to their allocated metals, held off-balance sheet at all times*. Note: this custody structure applies to Kinesis KAU/KAG only and does not extend to ERC-20 KAU/KAG issued by KMS Labs.

All bullion is secured in independently audited professional market vaults, fully insured for loss or theft. Metals available for delivery through a global network of localised redemption hubs.

Learn more
kau

Kinesis gold (KAU)
kag

Kinesis silver (KAG)

*Each ERC-20 token represents a 1:1 claim on Kinesis KAU or KAG held in reserve by KMS Labs S.A. (a company incorporated in Panama). Kinesis KAU and KAG are issued by Kinesis Cayman and are  in turn backed 1:1 by fully allocated physical bullion stored in insured third-party vaults by ABX’s vault partners. Redemption of ERC-20 tokens for Kinesis KAU/KAG is subject to KMS Labs’ terms and conditions and compliance onboarding, following which physical redemption may be made via Kinesis Cayman on terms and conditions.

†Kinesis KAU/KAG total reserve holdings (Kinesis blockchain only). Market capitalisation and circulation data for Kinesis gold (KAU) and Kinesis silver (KAG) are displayed in USD and updated in real time. Source: Kinesis Exchange. These figures do not represent reserves held specifically by KMS Labs against ERC-20 tokens in circulation. ERC-20 reserve holdings will be disclosed separately.

Independent audits

Independent third-party audits of the physical gold and silver backing Kinesis KAU and KAG are conducted biannually for Allocated Bullion Exchange (ABX), by Inspectorate, a Bureau Veritas company. These audits relate to Kinesis KAU/KAG reserves only. Independent verification of ERC-20 KAU/KAG reserve holdings will be disclosed separately.

Latest audits by Bureau Veritas Commodities UK Limited

October 2025

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April 2025

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October 2024

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April 2024

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Audit archive

On-chain integrity.
Real-world infrastructure.

Third-party verification

On-chain token supply of Kinesis’ KAU/KAG is cross-referenced against regular and independent audits of the physical reserve.

Transparent governance

KMS Labs oversees token standards, smart contracts, and network integrations to ensure cross-chain integrity. Building on proven blockchain infrastructure that has facilitated over $12B of real-world asset transactions.

Issuance

KMS Labs issues KAU and KAG as 1:1 backed digital tokens, supported by allocated physical metal held in independent vaults, and available on Ethereum (ERC-20) and the Kinesis blockchain.

View whitepaper

The chain of integrity

Reserve integrity is maintained at the Kinesis KAU/KAG layer through independent physical audits and on-chain verification. KMS Labs ERC-20 reserve verification will be disclosed separately.

View audits

  • Vaulted gold and silver bullion

    All 1:1 allocated gold and silver bullion is stored in
fully insured vaults, managed by ABX.

  • Independent audits

    All gold and silver bullion across ABX managed vaults is independently audited by a leading third-party audit specialist.

  • On-chain verification

    The quantity of metals from the physical audit is verified against the quantity of Kinesis KAU and KAG on the Kinesis blockchain. This verification applies to Kinesis KAU/KAG only. ERC-20 reserve verification will be disclosed separately.

  • Kinesis KAU and KAG

    Kinesis KAU and KAG — Native gold and silver-backed digital assets issued on the Kinesis blockchain (Kinesis hard fork of Stellar).

  • Secure infrastructure

    Digital assets, gold (KAU) and silver (KAG), are safeguarded with institutional grade digital asset infrastructure. This refers to Kinesis KAU/KAG. ERC-20 KAU/KAG issued by KMS Labs are subject to KMS Labs’ own infrastructure and custody arrangements.

  • KMS Labs reserve holding

    KMS Labs holds Kinesis KAU and KAG in reserve, backing ERC-20 tokens 1:1.

  • Gold (KAU) on Ethereum

    KMS Labs issues ERC-20 gold (KAU) and silver (KAG) tokens on Ethereum, backed 1:1 by Kinesis KAU and KAG held in reserve on the Kinesis blockchain.

  • Utility across the digital ecosystem

    ERC-20 KAU and KAG issued by KMS Labs can integrate with exchanges, DeFi applications, and digital asset markets on the Ethereum network.

FAQ

How is the underlying gold and silver secured?

Kinesis gold (KAU) and silver (KAG) are 1:1 allocated physical precious metals held within vaults managed by ABX.

The underlying bullion is stored in professional vaulting facilities and secured within independently audited vault infrastructure. Independent third-party audits regularly verify the quantity of physical bullion held within the system.

For Kinesis KAU/KAG: holders retain full legal title to allocated physical bullion stored in insured third-party vaults managed by ABX (vault partners: Loomis Zurich and Brinks), held off-balance sheet under a bailment structure. For ERC-20 KAU/KAG: holders’ rights are defined by KMS Labs’ terms and conditions. ERC-20 KAU/KAG holder’s counterparty is KMS Labs, not Kinesis.

Kinesis gold (KAU) and silver (KAG) can be redeemed for physical bullion through a global network of redemption hubs and logistics partners, enabling delivery of the underlying metal.

Are gold (KAU) and silver (KAG) issued on Stellar or Ethereum?

Kinesis KAU and KAG are issued on the Kinesis blockchain (a Kinesis hard fork of Stellar). KMS Labs issues ERC-20 KAU and KAG tokens on Ethereum, backed 1:1 by Kinesis KAU/KAG held in reserve. These are separate instruments issued by separate entities.

KMS Labs has issued gold (KAU) and silver (KAG) on Ethereum with 1:1 backed by reserves of the native gold (KAU) and silver (KAG) on the Kinesis blockchain, enabling seamless access to digital asset markets.

These reserves ensure that the gold (KAU) and silver (KAG) circulating on Ethereum maintain a 1:1 backing with the underlying gold (KAU) and silver (KAG) on the Kinesis blockchain.

This structure allows gold (KAU) and silver (KAG) to be accessed through Ethereum wallets, exchanges and decentralised finance applications while maintaining the same underlying reserves and asset integrity.

Can Ethereum tokens be redeemed for physical gold or silver?

ERC-20 KAU/KAG cannot be redeemed directly for physical gold or silver.

Step 1: redeem ERC-20 tokens for Kinesis KAU/KAG through KMS Labs, subject to KMS Labs’ T&Cs and compliance requirements.

Step 2: redeem Kinesis KAU/KAG for physical metal through the Kinesis platform, subject to applicable fees and minimums. This process involves counterparty exposure to KMS Labs and compliance onboarding at both levels.

What are the fees for withdrawing gold (KAU) or silver (KAG)?

Withdrawal fees depend on the network used and the method of withdrawal. See fees here.