Kinka (XNK) delisted stablecoin record
No longer listed by Pharos
Issuer notice dated 2026-08-18 announces final exchange trading suspensions and sets 2026-10-30 buyback and gold-exchange request deadlines.
Effective 2026-08-18; Kinka Gold issuer delisting and wind-down notice
Answer First
What is Kinka (XNK)?
XNK is Kinka's gold-backed commodity token, with each token representing one troy ounce of 99.99% Japanese-brand gold bullion held with Loomis vaulting. The static profile records its Gold peg mechanism as: XNK can be exchanged for physical gold through GM LLC/storage-company desks after AML/KYC; issuer docs describe a 321.5 XNK minimum for ten 1 kg bars, and secondary-market price tracks one fine troy ounce of gold.
Is XNK safe?
Kinka is not in Pharos's active universe. Issuer notice dated 2026-08-18 announces final exchange trading suspensions and sets 2026-10-30 buyback and gold-exchange request deadlines.
Static Profile
Static stablecoin profile
Kinka (XNK) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Gold.
AI summary / Updated Sep 7, 2026
Kinka's XNK represents one fine troy ounce equivalent of 99.99% Japanese-brand physical gold bullion, issued on Ethereum and Cardano against centralized issuer custody. The whitepaper places the bars with Loomis International under Gold Management LLC, and the reserve model treats the backing as physical gold with centralized custody and issuer-controlled exchange terms. Redemption into physical bars is possible only through the documented KYC process and size thresholds, and no dated XNK-specific reserve...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Kinka Gold issuer delisting and wind-down notice and Kinka whitepaper
- Collateral
- Each XNK represents one fine troy ounce equivalent of 99.99% Japanese-brand physical gold bullion held through Gold Management LLC and stored with Loomis International vaulting; issuer is Kinka (BVI) Ltd.
- Peg Mechanism
- XNK can be exchanged for physical gold through GM LLC/storage-company desks after AML/KYC; issuer docs describe a 321.5 XNK minimum for ten 1 kg bars, and secondary-market price tracks one fine troy ounce of gold.
- Jurisdiction
- British Virgin Islands
- Proof Of Reserves
- Self-Reported PoR by Kinka whitepaper (no dated XNK-specific reserve artifact was located: full site media library enumerated 2026-08-08 holds no vault report, custodian certificate, or attestation; the promised 'regular audits by a Japanese auditing firm' refers to the TSE-listed parent's statutory audit, unpublished) Reserve source
Next Actions
This record preserves static and historical context; live actions are available only for active assets.
Source: checked-in StablecoinMeta profile fields. This inactive record does not participate in current live monitoring; the summary above was last updated Sep 7, 2026.
XNK quick answers
What is Kinka (XNK)?
XNK is Kinka's gold-backed commodity token, with each token representing one troy ounce of 99.99% Japanese-brand gold bullion held with Loomis vaulting. The static profile records its Gold peg mechanism as: XNK can be exchanged for physical gold through GM LLC/storage-company desks after AML/KYC; issuer docs describe a 321.5 XNK minimum for ten 1 kg bars, and secondary-market price tracks one fine troy ounce of gold.
Is XNK safe?
Kinka is not in Pharos's active universe. Issuer notice dated 2026-08-18 announces final exchange trading suspensions and sets 2026-10-30 buyback and gold-exchange request deadlines.
What backs XNK?
Pharos classifies XNK backing as Real-World Asset Backed. Collateral, per the static profile: Each XNK represents one fine troy ounce equivalent of 99.99% Japanese-brand physical gold bullion held through Gold Management LLC and stored with Loomis International vaulting; issuer is Kinka (BVI) Ltd. Reserve evidence: Self-Reported PoR from Kinka whitepaper (no dated XNK-specific reserve artifact was located: full site media library enumerated 2026-08-08 holds no vault report, custodian certificate, or attestation; the promised 'regular audits by a Japanese auditing firm' refers to the TSE-listed parent's statutory audit, unpublished).
Can XNK be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. XNK is outside active monitoring; this static record preserves the reviewed control context.