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



# Kinka (XNK)

**Peg:** Gold

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

Kinka tokenizes one troy ounce of 99.99% Japanese gold per XNK, with Cardano- and Ethereum-issued supply against centralized issuer custody.

XNK represents one fine troy ounce equivalent of 99.99% Japanese-brand physical gold bullion held through Kinka's issuer and storage arrangements. The Cardano deployment is recorded alongside Ethereum, and the reserve model treats the backing as physical gold with centralized custody and issuer-controlled exchange terms. {{term:redemption}}Redemption{{/term}} into physical bars is possible only through the documented KYC process and size thresholds, with no public per-token {{term:attestation}}attestation{{/term}} cadence yet integrated.

## 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

| Country | Regulator | License |
| --- | --- | --- |
| British Virgin Islands | N/A | N/A |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x722a89f1b925fe41883978219c2176aecc7d6699` | 18 |
| cardano | `2c5c6ca6f993e198bc9ac859ffb624dd291ec50b4d361544bd01e3ac584e4b` | 6 |

## Live Data

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