Q4 2025 - Q1 2026 Quarterly Update

In our latest update, Kinesis CEO and founder Thomas Coughlin reflects on recent key milestones and shares insight into upcoming developments. The new update format highlights our achievements at a glance, with in-depth company news posts on each launch for those who would like to dive deeper.

Kinesis has successfully completed internal Alpha testing for the Kinesis Virtual Card, marking the completion of development on our in-house card solution. With Alpha testing concluded, we’re now preparing for our Beta release on February 9th, 2026, in the United States, where 250 members of the Kinesis community will test the card and provide valuable feedback.

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Upon the Q1 public launch, the Kinesis Card programme offers a promotional offer of:

• 2% cashback in gold (KAU)*
• 1% Kinesis contribution to the master fee pool – at no cost to the user
• No subscription fees

Card features:

• Low 0.22% conversion fee on gold and crypto spending
• No transaction fees**
• Make purchases with gold, crypto & C1USD
• $10,000 daily spend limit, $20,000 monthly max
• Custom spending limits accessible for VIP clients, long-term users, and clients with substantial balances on a case-by-case basis.
• Spend C1USD with 0% conversion fees in the US**
• Google Pay will be enabled during the beta window, closely followed by Apple Pay

Key in-house card solution benefits:

• Eliminate reliance on third-party vendors
• Built-in redundancies for resilience
• Regulatory agility across markets
• Scalable global expansion capability
• Highly competitive fee structures
• Enhanced product development capacity

* Cashback is only available up to a maximum $2,000 spent per month – a maximum total earning of $480 per year. All cashback will be paid monthly. See Cashback T&Cs.

** FX fees apply on transactions outside of the US and Puerto Rico.

This quarter, Kinesis launched a global multi-asset payroll solution, enabling businesses to automate bulk transfers in gold (KAU), silver (KAG), 1:1 USD-pegged stablecoin, Currency One USD (C1USD) and 6 digital assets. The redesigned, web-first Payments dashboard allows scheduled and recurring transfers to up to 1,000 recipients.

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Key benefits

• Automated, scheduled, and recurring transfers at a global scale
• Multi-asset payroll in gold, C1USD, silver and 6 digital assets
• Bulk transfers to up to 1,000 recipients with CSV/XLSX import
• Local-currency setup with settlement in gold or digital assets

Through the new feature, businesses can schedule multi-recipient payroll transactions anywhere in the world with gold (KAU). Whether paying employee salaries, end-of-year bonuses, or making transfers to contractors, the new payments feature makes operating your business with gold, C1USD, or digital assets a practical reality.

Kinesis is expanding opportunities for businesses with the launch of the Merchant Directory, a global hub connecting verified merchants to customers who value gold, silver, and digital assets.

The directory allows businesses to showcase profiles with logos, websites, social links, opening hours, locations, and store descriptions, while integrated search enables users to find merchants by category, country, and store type. Publicly accessible and also integrated into the Kinesis platform, the directory gives businesses direct exposure to a global audience.

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Paired with Kinesis Pay and the multi-asset payroll solution, the Merchant Directory empowers businesses to operate entirely in precious metals and digital assets, from accepting customer payments to managing payroll. 

Key benefits

• Gain global exposure to customers interested in gold, silver, and digital assets
• Manage and display detailed merchant profiles with map integration
• Connect with customers through integrated search and platform visibility
• Accept payments in gold, silver, stablecoins, and 40+ digital assets with zero fees

If you’re a Merchant already featured on the Kinesis Merchant Map, your spot on the new Merchant Directory is waiting. Log in to your Kinesis business account to complete your listing here.

Kinesis successfully passed its latest independent precious metals audit, conducted by Inspectorate International (Bureau Veritas), confirming that all Kinesis gold (KAU) and silver (KAG) are backed 1:1 by physical bullion.

As of 17 October 2025, audited holdings totalled 2,393,328.835 g of gold and 3,729,719.331 ozt of silver, with additional metal reserves held. The completion of this biannual audit provides continued assurance that Kinesis users’ gold and silver holdings remain fully allocated, secure, and transparently verified.

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During the quarter, Kinesis integrated with Yellow Card, Africa’s leading payment services platform, to deliver a seamless, low-cost fiat on-ramp for users in Nigeria and Zambia. The integration enables deposits via regionally supported methods such as Bank Transfer and Mobile Money, with users credited in a USD stablecoin to instantly fund their accounts and access trading, payments, and earning features across the Kinesis platform.

This rollout builds on recent on-ramp expansions, including Banxa, and lays the foundation for further regional growth, with support for South Africa and Kenya planned in future phases. By expanding accessible, efficient funding options across Africa, Kinesis continues to remove barriers to entry and strengthen its global payments and sound-money ecosystem.

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Key benefits

• Seamless, low-cost fiat on-ramps across Nigeria and Zambia
• Support for regionally preferred payment methods, including Bank Transfer and Mobile Money
• Instant account funding via USD stablecoin crediting
• Faster access to trading, payments, and earning features on the Kinesis platform
• Reduced barriers to entry for users seeking stable, accessible financial solutions

Kinesis has received conditional approval for a Virtual Asset Service Provider (VASP) license from the Cayman Islands Monetary Authority (CIMA). This regulatory milestone marks a significant achievement, reinforcing the regulatory compliance of our operation as we continue to serve our global user-base and expand our service offering.

Late last year, we took the precautionary measure of temporarily deactivating the Kinesis.money website in the United Kingdom to ensure full compliance with evolving regulatory requirements. Existing UK users can continue to log in and access the Kinesis platform as normal. We made this decision as we’re committed to taking all the steps required to achieve full compliance, without cutting any corners.

We are now in the closing stages of approval for an updated UK website with an FCA-licensed specialist compliance provider. This will enable Kinesis to offer marketing activities in the UK and, once approval is complete, new users will be able to create accounts through the updated process. This also positions us to activate banking and card facilities in the region.

The UK website will return online as this process concludes this quarter, operating under an approved framework that supports ongoing access and future expansion in the market.

Following Alpha testing, the Kinesis Virtual Card will enter a community-focused Beta phase in February 2026, welcoming 250+ members of the Kinesis community to provide feedback ahead of the public launch anticipated for March 2026.

Timeline:

• Alpha testing:  December – early January – 25 internal users
• Beta testing: February 2026 – 250 customers 
• Kinesis Virtual Card Launch: March 2026 – United States
• Full-scale marketing: Q1 2026 and beyond
• Card launch in the next regions: 2026 – Latin America, Caribbean, Australia, Canada, United Kingdom, Germany, Netherlands, Poland, Spain, Switzerland with others to be confirmed.

As previously communicated, all users who preregistered in the above regions will receive all pre-registration benefits.

This quarter, the Currency One Stablecoin Suite, issued by Kinesis Money Panama S.A., will be listed for trading on the Kinesis Exchange. As part of this update, existing fiat trading pairs on the Kinesis Exchange will be transitioned to Currency One stablecoin trading pairs, using the suite of 1:1 fiat-pegged stablecoins. 

The listing consisted of seven fiat-pegged stablecoins, each issued by Kinesis Money Panama S.A., and backed on a 1:1 basis to their respective currencies: 

• Currency One GBP (C1GBP) – British Pound Sterling
• Currency One EUR (C1EUR) – Euro
• Currency One AUD (C1AUD) – Australian Dollar
• Currency One CAD (C1CAD) – Canadian Dollar
• Currency One CHF (C1CHF) – Swiss Franc
• Currency One AED (C1AED) – United Arab Emirates Dirham
• Currency One SGD (C1SGD) – Singapore Dollar

The Currency One suite of stablecoins will be listed in addition to Currency One USD (C1USD), which is already supported on the Kinesis platform. The Currency One suite offers users low-cost global transfers and the ability to convert between Currency One USD (C1USD) and the seven new stablecoins. 

Kinesis Cayman is not the issuer of Currency One stablecoins and does not control their issuance. The Kinesis Exchange will support trading and exchange functionality for these assets.

Key benefits

• Conversion between fiat and supported Currency One stablecoins at no cost – which can be completed automatically on deposit or manually via the Convert feature.
• Trading between gold, silver and digital currencies on the Kinesis Exchange
• Exchange between C1USD and 7 other stablecoins
• Send stablecoins globally at a low cost 

For withdrawals, supported stablecoins will be converted back to fiat as part of the standard withdrawal process.

We are pleased to announce the upcoming launch of new banking services in America, focused on expanding deposit and withdrawal options for our US-based clients. In the coming weeks, these services will go live, offering SWIFT, ACH, real-time payments, FedWire, and FedNow payment rails to ensure a low-cost, instant fiat depositing experience for local Kinesis users.

After months of strategic planning and partnership development, we are approaching the finale of several major initiatives that will converge to transform Kinesis into a comprehensive multi-asset monetary solution.

With our debit programme entering beta launch in February, and US banking options available in the coming weeks, Kinesis is positioned for a full market entry in our core region, the United States. Behind the scenes, the Kinesis team has been working hard for the past 12 months to ensure that both the product and marketing are ready to drive meaningful adoption of the card. We look forward to sharing our new creative direction and television-ready advertising materials with the Kinesis community.

As we approach the beta launch of the Kinesis Virtual Card, our priority during this phase is our existing customer base and internal stakeholders. We are ensuring that users who have already signed up to Kinesis, or who have been waiting for the card, receive the best possible experience.

To support this, we are improving customer service pipelines and the underlying technology that supports our helpdesk and reduces resolution times. This internal activation period forms a core part of the launch strategy and supports both the US rollout and our continued expansion across Latin America.

Once internal activation is underway, all newly developed marketing material for the card will also be targeted at existing clients. Those Kinesis users who have been waiting on the sidelines for the card, or improved deposit options, will receive marketing and new materials, including support content, too. We’ll also share our content with active members of the Kinesis community, so they can engage, share and participate in spreading the message of gold and silver as money.

Next, the strategy extends into an external activation and acquisition phase in the United States, with significant marketing investment deployed. This includes press and PR across major publications, alongside integrated 360-degree marketing campaigns spanning social media, video, news, publishing platforms, and connected TV. This marks the point at which Kinesis is introduced to everyday people seeking to protect their purchasing power through gold and silver, particularly in an environment of heightened economic uncertainty.

Alongside the virtual card rollout, work has already commenced with physical card production partners. This positions Kinesis to introduce physical card capabilities in a later phase, ensuring a measured transition from virtual to physical availability without disrupting the broader launch sequence.

These efforts will be deployed across multiple target markets at scale, positioning Kinesis as an all-encompassing solution for both day-to-day monetary use and long-term wealth preservation through precious metals.

Moreover, we are expanding KAU and KAG beyond our proprietary Stellar fork to ERC-20 and Ethereum Virtual Machine-compatible networks. We are currently working closely with regulators to secure necessary approvals. This expansion will open access to multiple blockchain ecosystems and substantially increase reach across diverse user communities.

This year, our strategic expansion centres on building out the system beyond our core precious metals offering. This evolution represents Kinesis 2.0:

In building the Kinesis platform, we’ve developed a highly robust and unique platform for engaging with precious metals. The next stage is bridging our gold and silver-backed digital assets with traditional finance and Decentralised Finance (DeFi).

We’re expanding gold (KAU) and silver (KAG) beyond our proprietary Stellar fork to ERC-20 and Ethereum Virtual Machine-compatible networks, opening access to multiple blockchain ecosystems and substantially increasing reach across diverse user communities. This cross-chain expansion means we’re no longer confined to our own ecosystem, positioning us to drive institutional participation across both traditional and decentralised finance ecosystems.

While philosophically committed to sound money principles, we recognise the practical reality and clear demand for stablecoins in global commerce. C1USD – and the coming listing of the Currency One stablecoin suite – provides users, businesses, and institutions access to seamless, low-cost transactions worldwide. Additionally, as liquidity builds across decentralised exchanges and these stablecoins become integrated into DeFi services and protocols, we position ourselves to compete with current industry leaders in the stablecoins space.

2026 represents a pivotal year for Kinesis. The convergence of our US card launch, expansion into institutional DeFi infrastructure, and the Currency One stablecoin suite listing transitions us from a precious metals platform into a comprehensive digital financial ecosystem. The foundations have been laid through extensive product development and strategic partnerships. Now, we are positioned to deliver sound money solutions at scale. Kinesis is approaching a tipping point where organic growth can accelerate our mission: reintroducing sound money to the global economy.

Best regards,

Thomas Coughlin