Kinesis Silver (KAG) is a silver-backed digital currency issued by Kinesis, a global trading and digital asset platform. Each token is backed by one ounce of investment-grade silver held in insured, audited vaults.
Kinesis is known for its ties to the Allocated Bullion Exchange (ABX), a physical precious metals exchange. Its stated mission is to bring silver backing back to money and offer a store of value.
KAG is issued on the Kinesis blockchain, and new tokens are created as physical silver is deposited into the vaults. Users can buy, sell and send silver worldwide through the platform.
The Kinesis Virtual Card lets holders spend KAG in everyday payments. The project aims to connect precious metal ownership with digital payments and transfers.
Data provided by CoinGecko
KAG has no fixed supply; tokens are minted and redeemed in line with the amount of silver held in the vaults. Circulating supply therefore rises and falls with demand for physical silver.
Users who hold KAG on the platform receive a monthly yield paid in KAG, funded by a 15% share of Kinesis' global transaction fee revenue. The company describes this as a debt-free yield on precious metals.
Commonly cited strengths include physical silver backing, the ability to hold and send silver in small units, and fee-based yield sharing. The link to a payment card also broadens its practical uses.
However, KAG tracks the silver price, so its value in fiat terms can be volatile, as large swings in 2026 showed. Users should also consider reliance on the issuer and custodians, regulatory conditions and platform operating risks.
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