Kinesis is pleased to announce that we have passed the Q4 2023 independent precious metals audit, conducted by the leading global audit and inspection specialist, Inspectorate International.<\/p>\n\n\n\n
The independent audit provides community members with verification that all Kinesis gold (KAU<\/a>) and silver (KAG<\/a>) within the Kinesis Monetary System are backed by a 1:1 allocation of physical gold and silver bullion. <\/p>\n\n\n\n The Q4 2023 audit is available to view on our website here<\/a>. <\/p>\n\n\n\n On the 16th of October 2023, Kinesis\u2019 strategic partner, Allocated Bullion Exchange (ABX<\/a>), produced an inventory report of all physical gold and silver attributed to Kinesis Cayman. <\/p>\n\n\n\n The report was presented to Inspectorate International to conduct an independent audit, undertaken across ABX\u2019s global vaulting network, on the 17th, 18th and 19th of October 2023.<\/p>\n\n\n\n On the 16th of October 2023, at the time the inventory reports were generated, Kinesis gold (KAU) and silver (KAG) in circulation were as follows:<\/p>\n\n\n\n KAU: 1,293,465.201 (as of ledger number 28360037, Mon, 16 Oct 2023) <\/strong><\/p>\n\n\n\n KAG: 3,500,611.079 (as of ledger number 28402993, Mon, 16 Oct 2023)<\/strong><\/p>\n\n\n\n All KAU and KAG circulation figures are publicly available and verifiable on the Kinesis blockchain explorer <\/em>here<\/em><\/a>. The <\/em>Kinesis blockchain<\/em><\/a> maintains an immutable and irrefutable ledger of all KAU (gold) and KAG (silver) within the system.\u00a0<\/em><\/p>\n\n\n\n The independent audit confirmed the following metal quantities held by Kinesis Cayman as of Monday, 16th October 2023.<\/p>\n\n\n\n Gold (9999 fine equivalent): 1,295,465.253g<\/strong><\/p>\n\n\n\n Silver (999 fine equivalent): 3,505,603.549ozt<\/strong><\/p>\n\n\n\n Inspectorate International\u2019s independent report confirmed that Kinesis\u2019 precious metals holdings were as stated, with Kinesis passing all criteria of the inspection.<\/p>\n\n\n\n It should be noted that Kinesis carries an additional 2 x 1kg 9999 gold bars and 5 x ~1000ozt 999 silver bars as reserve, which is reflected in the total metal holdings.<\/p>\n\n\n\n The completion of Kinesis\u2019 Q4 2023 audit provides the community with absolute reassurance that their gold and silver holdings are in safe hands. <\/p>\n\n\n\n This year, Kinesis has delivered on the quarterly audit structure, with a commitment to upholding the highest standard of security and transparency for the Kinesis community. Going forward, Kinesis will continue to publish independent audits on a quarterly basis to provide unwavering proof of the 1:1 allocation of all the gold and silver in the Kinesis Monetary System.<\/p>\n\n\n\nQ4 2023 Quarterly Audit<\/h2>\n\n\n\n