Kinesis is pleased to announce a new partnership with Atlas Vaults and Atlas Brokers, expanding the global Kinesis Vaulting Network into Latin America.
By joining forces with the leading Panama-based vaulting provider, broker and trading hub, Kinesis is introducing the Atlas Group’s considerable client base to the Kinesis Monetary system. The partnership is set to bring superior value and returns to Atlas Vaults and Kinesis clients, as well as citizens across South and Central America.
Central to the partnership, Kinesis is introducing the 13th storage facility into its global vaulting network, which now spans 9 countries.
New Global Trading Hub
Through the new Panama-based trading hub, Kinesis users globally will benefit from enhanced bullion pricing and spreads. The price of Kinesis gold and silver will now be aggregated across a wider range of trading hubs within the Kinesis network, enabling Kinesis to continue to deliver global investors the best aggregated pricing and spreads in the precious metals industry.
Additionally, the Panama storage facility becomes an approved vault within the global vaulting and trading network of Kinesis’ core partner, Allocated Bullion Exchange (ABX), as well as a member of the ABX Quality Assurance Framework (QAF).
Redemption and Deposit
The location and proximity of the vaulting facility will enable Latin American citizens to face significantly reduced delivery costs, when depositing or redeeming bullion. This gives local investors a feasible option between chargeless storage in Kinesis vaulted facilities, or redemption of their precious metals, if they should so choose.
In addition, Kinesis’ redemption fees and minimum withdrawal requirements are amongst some of the lowest redemption fees globally, giving system users greater access to their physical bullion.
Kinesis in Latin America
With a history of episodic hyperinflation and current, prolonged inflation in the LatAm region, the Kinesis ecosystem will reduce barriers of entry for those wishing to experience the stability and safety of precious metals investment.
Through the partnership, citizens can easily utilise precious metals as a hedge against the steep inflation rates seen in many countries across Latin America, which reached 10.25%* in Brazil – a recent report has shown.
In times of high inflation, capital investments that gain proven returns are desirable across the board. Intrinsic to this partnership, Atlas Vaults and Atlas Brokers will introduce their significant client base to the Kinesis Money platform, enabling them to generate a passive yield on their precious metals holdings.
By storing precious metals with Kinesis, holders will have instantaneous access to the usage-based yield model that offers a return for simply holding precious metals, with all storage and insurance costs covered. With the October Holder’s Yield payout reaching a total of $2.84 million, investors can generate a proven debt-free, passive return on their bullion investments.
With local currencies continuing to experience the corrosive effects of inflation, Latin American investors are now provided with an alternative investment solution to enhance their portfolios. The Kinesis Monetary system enables LatAm citizens to benefit from easy access to yield-bearing gold and silver, which sits protected in our vaulted, non-banking facility.
As part of Kinesis’ provision for Latin American users, the soon-to-launch Spanish version of the Kinesis Money site will introduce the entire Kinesis product suite in their native language.
The expected influx of Latin American clients is set to trigger an increase in global transactional activity within the Kinesis Monetary System, contributing to the yields of all Kinesis users globally.
Remember, transaction volume will be further strengthened by the upcoming launch of the Kinesis Velocity Yield, which rewards users for trading and spending with Kinesis.
Following the launch of the Atlas Vault and Atlas Brokers partnership, Kinesis looks to continue to broaden its vaulting network throughout selected regions globally.
*Source: Rosati, A. (2021) ‘Latin America’s Surging Prices Spell Hard Work for Central Banks’. Bloomberg.