Profile
KAG profile facts
Kinesis Silver (KAG) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Silver.
- Collateral
- 1:1 reserves of Kinesis-native KAG held by KMS Labs S.A. (Panama); native KAG is in turn backed by physical silver bullion (1 native KAG = 1 troy ounce).
- Peg mechanism
- KMS Labs may offer discretionary 1:1 redemption of ERC-20 KAG for Kinesis-native KAG after compliance onboarding, without guaranteed availability or processing time; physical silver redemption then follows Kinesis Cayman terms. ERC-20 balances do not accrue Kinesis transaction-fee yield.
- Jurisdiction
- Panama
- Proof of reserves
- Agreed-Upon Procedures by Bureau Veritas Commodities UK Ltd (Inspectorate International; commodity vault inspection under agreed procedures with no opinion - the token-vs-metal comparison exists only in the issuer cover letter, whose signatory heads both Kinesis and the vault operator ABX) Reserve source
- Contracts
- 1 deployment tracked across Ethereum.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
KAG quick answers
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What is Kinesis Silver (KAG)?
Ethereum KAG is KMS Labs' silver-linked token, backed by native Kinesis KAG; physical redemption requires conversion, and reserve income stays with the issuer. The static profile records its Silver peg mechanism as: KMS Labs may offer discretionary 1:1 redemption of ERC-20 KAG for Kinesis-native KAG after compliance onboarding, without guaranteed availability or processing time; physical silver redemption then follows Kinesis Cayman terms.
Is KAG safe?
As of Oct 25, 2026, Pharos grades KAG D (46/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs KAG?
Pharos records KAG's reserves as of Apr 20, 2026 as 100% Native KAG reserve claim with physical-silver look-through. Reserve evidence: Agreed-Upon Procedures, latest period ending Apr 20, 2026. Pharos classifies the backing as Real-World Asset Backed.
Can KAG be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem KAG?
Under the route Pharos reviewed on Sep 21, 2026, customers the issuer has verified can redeem KAG for physical metal, starting at 200 KAG. Settlement takes multiple days. The reviewed redemption fee is at most 0.45%, before delivery and third-party costs. Whether a given holder qualifies is set by the route's own terms, not by this summary.
