Kinesis Silver (KAG)
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Price of Kinesis Silver today in real time
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Historical price evolution of Kinesis Silver
Daily historical data. Updated automatically.
The origins of Kinesis Silver (KAG) date back to 2011, when Thomas Coughlin founded Allocated Bullion Exchange (ABX) in Brisbane, Australia, establishing the first institutional electronic exchange for allocated physical precious metals. During the following years, ABX built an extensive network of vaults in 13 global cities: Dubai, Hong Kong, Istanbul, Vaduz, London, New York, Singapore, Sydney, Toronto, Zurich, Panama City, Batam and Brisbane, operating with top-tier security providers such as Brinks and Loomis.
In 2018, Coughlin founded Kinesis Limited with the premise of connecting ABX's physical assets to a digital monetary system. In September of that year, the public sale of KVT (Kinesis Velocity Token) was launched, followed in November by the launch of the Kinesis currency system, which introduced KAU (gold, with 1 token equivalent to 1 gram of gold) and KAG (silver, with 1 token equivalent to 1 troy ounce of silver). The platform operates on a blockchain based on a fork of Stellar.
In July 2021, Kinesis made the first debt-free yield payment on precious metals in economic history, distributing 14,052 grams of gold (KAU) and 1,686 ounces of silver (KAG) amongst the system's minters. During 2021, KAG reached its all-time high of approximately $130, coinciding with silver's rally in traditional markets.
In 2023, KAG integrated with the Indonesian postal service PT Pos, operated by the government, as part of the governmental expansion of the Kinesis ecosystem. That same year, a partnership was established with Deutsche Börse. In 2025, KAG was launched as an ERC-20 token on Ethereum, issued by KMS Labs S.A. (Panama), expanding its compatibility with exchanges, wallets and DeFi protocols. The token obtained a listing on MEXC, with a circulating supply of approximately 3.8 million KAG, maintaining its price linked to the silver spot price at around $73 per ounce.
Kinesis Silver (KAG) functions as a digital representation of physical silver where each token equals exactly one troy ounce of .999 purity silver, stored under the allocated custody model in third-party vaults that have insurance and semi-annual audits carried out by ABX. The token supply is not predetermined, but rather responds to real demand: KAG are created through the physical deposit of silver in the system and are destroyed when users exercise their right to withdraw the physical metal, a process that requires a minimum of 200 ounces.
The technical infrastructure operates on a Stellar-based blockchain for native transactions, complemented with an ERC-20 version developed by KMS Labs that enables interoperability with decentralised finance protocols on Ethereum. The ecosystem incorporates a yield system that distributes monthly more than 50% of all transaction fees amongst participants through five differentiated modalities: Holder's Yield allocates 15% of global fees to those who hold KAG, whilst Minter's Yield, Depositor's Yield, Referrer's Yield and Velocity Yield (for KVT holders) complete the distribution scheme.
To facilitate everyday use, the system includes a virtual card compatible with Mastercard and Visa networks that allows KAG to be converted to local currency instantly at any point of sale, whilst physical redemption is available with a minimum threshold of 200 ounces. The protocol's decision-making does not follow a decentralised governance model, but rather remains under the direction of the Kinesis and ABX team.
Data verified against external sources. Some values may have changed since the last update.