Key Data

• Trading Name: Kinesis Money
• Legal Entity: UAB Kinesis Money Lithuania/Kinesis AG
• Activities: Financial Platform/Stablecoin Issuer
• Location: Cayman Island/Lithuania 
• Regulations: registered as a Virtual Asset Service Provider in the Cayman Islands
• Key People: Thomas Coughlin
• Latest news: Kinesis Money
• Latest update: October , 2024

Kinesis is a global platform launched in 2019 that offers digital assets backed by physical gold and silver. It provides stablecoins (KAU for gold and KAG for silver) that can be used for everyday payments via the Kinesis card. The platform distributes 57.5% of transaction fees back to users as monthly yields, without requiring asset staking. With its partnership in Indonesia and integration of XDC, Kinesis aims to enhance cross-chain interoperability and promote gold and silver as stable currencies in the digital economy.

Offering

Kinesis Money offers a comprehensive financial ecosystem combining physical gold and silver with blockchain technology. Their services include digital gold (KAU) and silver (KAG) tokens that are fully backed by physical bullion, a trading platform for precious metals and cryptocurrencies, and a physical and virtual debit card for global spending in fiat. Users can earn yields through unique programs like Holder’s, Velocity, and Minter’s yields. They also offer minting services and secure storage for physical assets, ensuring transparency through regular audits.

Kinesis Money offers a multi-faceted financial system built around digital and physical gold and silver assets. Their services include:

1. Kinesis Money Platform: A digital platform for buying, storing, and spending assets using the Kinesis Gold (KAU) and Silver (KAG) tokens.
2. Kinesis Mint: Allows users to create new KAU and KAG tokens by depositing physical bullion.
3. Kinesis Exchange: Facilitates trading in gold, silver, and major cryptocurrencies with low fees and high liquidity.
4. Kinesis Card: The Kinesis Virtual Card allows users to spend their digital gold and silver, as well as cryptocurrencies, with instant fiat conversion.

Kinesis Pay

Kinesis Pay allows businesses to accept payments in gold and silver quickly and securely. With simple integration into your online shop, customers can pay by scanning a QR code and confirming via the Kinesis app. Transactions are completed in seconds, offering a safe, inflation-resistant payment method. Merchants earn monthly yields on their gold and silver holdings, monitor sales through a dedicated dashboard, and benefit from powerful analytics tools. It’s an easy-to-implement solution that helps businesses diversify and secure their revenue.

Stablecoins

Kinesis Gold (KAU) and Silver (KAG) tokens are digital assets fully backed by physical gold and silver. Each KAU represents 1 gram of gold, while each KAG represents 1 ounce of silver. These tokens provide a stable, secure means of transacting, storing, and investing in precious metals, while also being accessible for real-time payments via the Kinesis card. Users can earn passive yields through a revenue-sharing model, making KAU and KAG a practical solution for preserving value and generating income.

Regulation

• Kinesis Cayman, an entity registered as a Virtual Asset Service Provider in the Cayman Islands, by the Cayman Islands Monetary Authority (reference number 1877923).
• UAB Kinesis Money Lithuania, a virtual currency exchange and depository virtual currency wallet service provider, supervised by the Financial Crime Investigation Service of Lithuania, incorporated under the laws of Lithuania (company number 305992161, registered at Vilnius,

Customer Reviews

Trustpilot: 4,1 Stars with 470+ Reviews

Key People

• Thomas Coughlin:

Thomas Coughlin is the CEO of Kinesis Money and Allocated Bullion Exchange (ABX). He has over a decade of experience in building digital and physical precious metal trading platforms, pioneering new systems for trading and payments. At Kinesis, he focuses on integrating gold and silver-backed tokens with blockchain technology to create a stable and efficient financial system. Coughlin is also a Commissioner for the Blockchain Commission for Sustainable Development, working to utilize blockchain for global impact and sustainable development initiatives.

Conclusion and Rating

Based on a compliance and customer service review, Kinesis meets all necessary criteria for both regulatory and user experience standards. Their transparent structure, backed by physical gold and silver, combined with comprehensive yield programs and a secure digital ecosystem, demonstrates a high level of compliance and operational integrity. The robust customer support and integration of advanced financial tools also make them a strong partner from a client perspective. Thus, Kinesis can be rated as “Green” for compliance and customer satisfaction.