Table Of Contents
Kinesis confirms the completion of its most recent independent audit of precious metals holdings, carried out in April 2025 by Inspectorate International, a Bureau Veritas company and globally recognized authority in inspection and verification services.
Independent Audit Overview
- Audit timeline:
- On 16th April 2025, Kinesis’ vaulting partner, Allocated Bullion Exchange (ABX), compiled a full inventory report of all physical metal assets associated with Kinesis Cayman.
- The independent auditing process was then conducted by Inspectorate International between 21st and 24th April 2025, covering the ABX’s international vaulting infrastructure.
- Verification process:
- Inspectorate International reviewed all inventory documentation and conducted physical inspections to confirm the existence and integrity of the metals backing all circulating KAU and KAG.
- The audit focused on verifying that every digital asset in circulation corresponds precisely to a tangible asset in secure vault storage.
Circulation Data (as of 16 April 2025)
The following quantities of KAU and KAG were in verified circulation on the Kinesis blockchain at the time the audit was initiated:
- KAU (Gold):
- 1,508,101.495 grams
- Referenced on ledger #37189876
- Date: Wednesday, 16 April 2025
- KAG (Silver):
- 3,695,715.133 troy ounces
- Referenced on ledger #37227501
- Date: Wednesday, 16 April 2025
- All figures are publicly viewable and verifiable via the Kinesis Blockchain Explorer, which maintains an immutable, transparent, and fully auditable record of every token issued and in circulation.
Physical Metal Holdings Confirmed by Audit
Inspectorate International’s audit verified the following holdings under Kinesis Cayman’s custody, confirming full 1:1 backing of all digital assets:
- Gold Holdings (9999 fineness):
- 1,510,101.495 grams
- Silver Holdings (999 fineness):
- 3,700,707.704 troy ounces
In addition to the holdings matching circulation, the audit confirmed the presence of additional reserve bullion:
- Gold Reserves:
- 2 x 1 kg (9999 fineness) gold bars
- Silver Reserves:
- 5 x ~1000 ozt (999 fineness) silver bars
These reserves are included in the overall metal holdings and further enhance Kinesis’ robust approach to asset protection.
Bureau Veritas’ inspection results verified that Kinesis met all criteria, with physical holdings matching declared values and circulating supply.