KAU vs XAUm
Kinesis Gold and Matrixdock Gold are both gold tokens, so this page compares them. KAU is issued by Kinesis KAU is issued by Kinesis Cayman. The ERC-20 token is a 1:1 claim on that KAU, issued by KMS Labs S.A., a company incorporated in Panama. on Ethereum. XAUm is issued by Matrixdock, under a special purpose trust. Appleby Global Services is the trustee and Hamilton Services is the enforcer. The custody page does not publish a separate issuer company number. on Ethereum. The cited pages differ on issuer, custodian, fees, redemption, minimum size. A dash is a field the issuer page does not state. The reverse URL redirects to this alphabetical pair.
All RWA tokens · Kinesis Gold · Matrixdock Gold
| Field | Kinesis Gold | Matrixdock Gold |
|---|---|---|
| Ticker | KAU | XAUm |
| Asset class | Gold | Gold |
| Issuer | Kinesis KAU is issued by Kinesis Cayman. The ERC-20 token is a 1:1 claim on that KAU, issued by KMS Labs S.A., a company incorporated in Panama. | Matrixdock, under a special purpose trust. Appleby Global Services is the trustee and Hamilton Services is the enforcer. The custody page does not publish a separate issuer company number. |
| Issuer jurisdiction | Cayman Islands (Kinesis KAU); Panama (KMS Labs S.A., the ERC-20 issuer) | — |
| Regulator | — | — |
| Token type | 1 KAU equals 1 gram of allocated physical gold of minimum 999.9 purity. The ERC-20 token is backed 1:1 by Kinesis KAU held in reserve by KMS Labs. | Tokenized allocated gold. A documented redemption burned 32.148 XAUm for one 1 kg LBMA bar and described 1 XAUm as 1 troy ounce. Reserves are described as LBMA-accredited gold with a stated 1:1 backing. |
| Custodian | Fully allocated bullion is stored in insured third-party vaults by ABX vault partners. Kinesis names Loomis and Brink's among the logistics and vaulting partners. The gold page lists vault hubs including London, New York, Zurich, Singapore, Hong Kong, Dubai, and Sydney. | Brink's manages the vaults in Singapore and Hong Kong. The custody page also names Malca-Amit as a storage provider and as a backup still being discussed. A 22 Apr 2025 redemption was collected at Malca-Amit vaults, Le Freeport, Singapore. |
| Auditor | Bureau Veritas, an independent physical audit every six months. | Bureau Veritas performs quarterly audits of the quantity and quality of the reserves. Matrixdock also points to monthly asset statements and LBMA refinery invoices. |
| Chains | Ethereum | Ethereum |
| Fees | Allocated storage fee 0%. Buy or sell on the Kinesis dashboard or exchange 0.22%. Send to another Kinesis account or an external wallet 0.45%. Physical redemption fee 0.45% plus $100 plus delivery. Segregated coin and bar redemption is 0.45% plus $100 plus any retrieval fee plus delivery. | The mint and redeem docs say stablecoin redemption includes redemption fees and currency fees, without a standing schedule on that page. A documented 1 kg physical redemption transferred 32.22837 XAUm, which Matrixdock says included a 0.25% redemption fee, for 32.148 XAUm burned. |
| Redemption | Physical delivery is offered. Redeeming bullion removes the corresponding KAU from circulation. Physical withdrawal minimum is 100 grams of gold. ERC-20 redemption for Kinesis KAU requires KMS Labs compliance onboarding, after which physical redemption may be made via Kinesis Cayman. | KYC is required. Stablecoin redemption runs on working days from 6:00 pm to 5:00 pm the next day, New York time, and stablecoins are sent within T+3. Physical LBMA gold redemption starts at 32.148 XAUm, described as a 1 kg bar, by pickup or secured delivery in Singapore or Hong Kong. The April 2025 collection was within T+3 of the request. |
| Minimum unit | 1 KAU = 1 gram. Divisible to 0.00001 grams. The fees page also lists a 0.00001 KAU figure. | 1 XAUm = 1 troy ounce, as stated on the documented 1 kg redemption (32.148 troy ounces). |
| Launched | — | — |
| Website | https://kinesis.money/gold/ | https://www.matrixdock.com/ |
| CoinGecko id | — | — |
| Market cap | — | — |
| Supply | — | — |
How to buy KAU
The cited catalog does not include an official how-to-buy path for Kinesis Gold.
Who can and cannot hold KAU
Kinesis Gold is issued from Cayman Islands (Kinesis KAU); Panama (KMS Labs S.A., the ERC-20 issuer).
The issuer does not publish a regulator for Kinesis Gold.
The cited catalog does not include a restricted-holder statement for Kinesis Gold.
What redemption actually means in practice for KAU
Redemption, as published: Physical delivery is offered. Redeeming bullion removes the corresponding KAU from circulation. Physical withdrawal minimum is 100 grams of gold. ERC-20 redemption for Kinesis KAU requires KMS Labs compliance onboarding, after which physical redemption may be made via Kinesis Cayman.
Minimum size, as published: 1 KAU = 1 gram. Divisible to 0.00001 grams. The fees page also lists a 0.00001 KAU figure.
Fees, as published: Allocated storage fee 0%. Buy or sell on the Kinesis dashboard or exchange 0.22%. Send to another Kinesis account or an external wallet 0.45%. Physical redemption fee 0.45% plus $100 plus delivery. Segregated coin and bar redemption is 0.45% plus $100 plus any retrieval fee plus delivery.
How to buy XAUm
The cited catalog does not include an official how-to-buy path for Matrixdock Gold.
Who can and cannot hold XAUm
The issuer does not publish a jurisdiction for Matrixdock Gold.
The issuer does not publish a regulator for Matrixdock Gold.
The cited catalog does not include a restricted-holder statement for Matrixdock Gold.
What redemption actually means in practice for XAUm
Redemption, as published: KYC is required. Stablecoin redemption runs on working days from 6:00 pm to 5:00 pm the next day, New York time, and stablecoins are sent within T+3. Physical LBMA gold redemption starts at 32.148 XAUm, described as a 1 kg bar, by pickup or secured delivery in Singapore or Hong Kong. The April 2025 collection was within T+3 of the request.
Minimum size, as published: 1 XAUm = 1 troy ounce, as stated on the documented 1 kg redemption (32.148 troy ounces).
Fees, as published: The mint and redeem docs say stablecoin redemption includes redemption fees and currency fees, without a standing schedule on that page. A documented 1 kg physical redemption transferred 32.22837 XAUm, which Matrixdock says included a 0.25% redemption fee, for 32.148 XAUm burned.
Kinesis Gold sources
Matrixdock Gold sources
Questions
Yes. Both are gold. RWA Leads does not publish a comparison across asset classes.
Kinesis Gold: Kinesis KAU is issued by Kinesis Cayman. The ERC-20 token is a 1:1 claim on that KAU, issued by KMS Labs S.A., a company incorporated in Panama.. Matrixdock Gold: Matrixdock, under a special purpose trust. Appleby Global Services is the trustee and Hamilton Services is the enforcer. The custody page does not publish a separate issuer company number..
KAU fees: Allocated storage fee 0%. Buy or sell on the Kinesis dashboard or exchange 0.22%. Send to another Kinesis account or an external wallet 0.45%. Physical redemption fee 0.45% plus $100 plus delivery. Segregated coin and bar redemption is 0.45% plus $100 plus any retrieval fee plus delivery.. XAUm fees: The mint and redeem docs say stablecoin redemption includes redemption fees and currency fees, without a standing schedule on that page. A documented 1 kg physical redemption transferred 32.22837 XAUm, which Matrixdock says included a 0.25% redemption fee, for 32.148 XAUm burned.. KAU redemption: Physical delivery is offered. Redeeming bullion removes the corresponding KAU from circulation. Physical withdrawal minimum is 100 grams of gold. ERC-20 redemption for Kinesis KAU requires KMS Labs compliance onboarding, after which physical redemption may be made via Kinesis Cayman.. XAUm redemption: KYC is required. Stablecoin redemption runs on working days from 6:00 pm to 5:00 pm the next day, New York time, and stablecoins are sent within T+3. Physical LBMA gold redemption starts at 32.148 XAUm, described as a 1 kg bar, by pickup or secured delivery in Singapore or Hong Kong. The April 2025 collection was within T+3 of the request..
The slugs in alphabetical order: /compare/kau-vs-xaum. The other order is a permanent redirect.
Kinesis Gold: The cited catalog does not include an official how-to-buy path for Kinesis Gold. Matrixdock Gold: The cited catalog does not include an official how-to-buy path for Matrixdock Gold.
Kinesis Gold is issued from Cayman Islands (Kinesis KAU); Panama (KMS Labs S.A., the ERC-20 issuer). The issuer does not publish a regulator for Kinesis Gold. The cited catalog does not include a restricted-holder statement for Kinesis Gold. The issuer does not publish a jurisdiction for Matrixdock Gold. The issuer does not publish a regulator for Matrixdock Gold. The cited catalog does not include a restricted-holder statement for Matrixdock Gold.
Kinesis Gold: Redemption, as published: Physical delivery is offered. Redeeming bullion removes the corresponding KAU from circulation. Physical withdrawal minimum is 100 grams of gold. ERC-20 redemption for Kinesis KAU requires KMS Labs compliance onboarding, after which physical redemption may be made via Kinesis Cayman. Minimum size, as published: 1 KAU = 1 gram. Divisible to 0.00001 grams. The fees page also lists a 0.00001 KAU figure. Fees, as published: Allocated storage fee 0%. Buy or sell on the Kinesis dashboard or exchange 0.22%. Send to another Kinesis account or an external wallet 0.45%. Physical redemption fee 0.45% plus $100 plus delivery. Segregated coin and bar redemption is 0.45% plus $100 plus any retrieval fee plus delivery. Matrixdock Gold: Redemption, as published: KYC is required. Stablecoin redemption runs on working days from 6:00 pm to 5:00 pm the next day, New York time, and stablecoins are sent within T+3. Physical LBMA gold redemption starts at 32.148 XAUm, described as a 1 kg bar, by pickup or secured delivery in Singapore or Hong Kong. The April 2025 collection was within T+3 of the request. Minimum size, as published: 1 XAUm = 1 troy ounce, as stated on the documented 1 kg redemption (32.148 troy ounces). Fees, as published: The mint and redeem docs say stablecoin redemption includes redemption fees and currency fees, without a standing schedule on that page. A documented 1 kg physical redemption transferred 32.22837 XAUm, which Matrixdock says included a 0.25% redemption fee, for 32.148 XAUm burned.