---
title: "Kinesis Silver (KAG) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/kag-kinesis/"
description: "Build-time stablecoin profile for Kinesis Silver (KAG). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Kinesis Silver (KAG)

**Peg:** Silver

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

1 troy oz silver-backed token with 15% transaction-fee yield sharing; Cayman VASP, Bureau Veritas audited, effectively the only tokenized silver in town. KAG is backed 1:1 by investment-grade physical silver at 1 troy ounce per token, Bureau Veritas audited under a Cayman CIMA VASP license — the same yield-sharing model as its gold sibling KAU, where holders earn a share of 15% of all platform transaction fees paid monthly in additional silver. In a world where tokenized gold has surged past $6 billion, tokenized silver remains a ghost town and KAG is effectively its only resident. Deployed on Ethereum with institutional-regulated custody, the product is structurally identical to KAU but without the macro tailwind: silver's performance has lagged gold's rally dramatically, limiting both demand and yield generation. The thesis is straightforward — if precious metals tokenization is real, silver must eventually follow gold — but 'eventually' is doing a lot of heavy lifting for a product this niche. Independent {{term:attestation}}attestation{{/term}} from Bureau Veritas plus institutional-regulated {{term:custody}}custody{{/term}} support physical {{term:redemption}}redemption{{/term}} of the underlying silver.

## Collateral

Investment-grade physical silver bullion (1 KAG = 1 troy ounce)

## Peg Mechanism

Direct redemption for physical silver through Kinesis; yield via transaction fee sharing

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Cayman Islands | CIMA | VASP License (conditional) |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x56ba8b58b7d1f6d384a1c4dd553f39ebc8741b8e` | 18 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/kag-kinesis.