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The NUNOMICS App

As part of a public-private framework with the Indonesian government, the Kinesis system has introduced the NUNOMICS app. This financial application was developed in coordination with Nahdlatul Ulama (NU), which is widely considered the largest Muslim organization in the world or the world’s largest Islamic group, giving the partnership a notable demographic reach within Indonesia’s predominantly Muslim population.

Launch and Purpose

The NUNOMICS app was officially presented on November 14, 2024. It is structured around the principles of Islamic finance, meaning its functionality is designed to avoid interest-based transactions and speculative activities that would conflict with Shariah law. The platform’s core utility is centered on Kinesis gold (KAU), a digital token representing physical allocated gold. This allows users to engage in savings and investment activities without relying on conventional debt-based instruments.

The stated purpose of the application is to provide a financial tool for individuals who prefer or require compliance with religious guidelines in their financial dealings. It does not claim to replace existing banking services but rather to offer an alternative pathway for users who may have been underserved by conventional options.

Regional Focus and Objectives

The app is specifically configured for the Indonesian market, taking into account local financial habits and regulatory expectations. By grounding its service in Islamic finance principles, the platform attempts to reconcile traditional religious practices with digital financial tools that are becoming more common across Southeast Asia.

The development team has outlined four primary objectives for the platform:

• Compliance: The technical and operational features are subject to review by a Shariah supervisory body to ensure adherence to Islamic financial standards.
• Accessibility: The interface is designed to be usable on standard smartphones, with the aim of reaching users across different income levels and geographic areas, including those outside major urban centers.
• Technology: The backend uses modern digital infrastructure to process transactions and maintain account records, though the specific technical architecture is not detailed in public materials.
• Asset backing: The platform is built around gold (KAU), which provides a physical asset base for the digital tokens. This is intended to offer a degree of price stability compared to fiat currencies, though the actual performance of any asset-backed instrument depends on market conditions.

Kinesis’s Broader Institutional Network in Indonesia

The NUNOMICS app is not an isolated initiative but part of a wider set of institutional relationships that Kinesis has established in Indonesia. These connections predate the NUNOMICS launch and include:

• PT POS (PosPay Gold): A collaboration with the state postal service to support gold-based payment and transfer services, leveraging the postal network’s extensive physical presence throughout the archipelago.
• Jakarta Futures Exchange (JFX Gold X): An arrangement to facilitate digital gold trading, connecting Kinesis’s technology with the exchange’s established commodity trading infrastructure.
• PT BEI (MetalGO): A partnership involving PT Kinesis Monetary Indonesia to offer gold-based financial products. This entity serves as the local operational arm for Kinesis-related activities in the country.

These arrangements are presented as part of a broader effort to integrate precious metal-backed digital assets into Indonesia’s financial landscape. The involvement of government-linked bodies such as the postal service and the futures exchange suggests an effort to embed the system within existing state-recognized channels, rather than operating entirely outside the formal financial sector.