What is KAG's quality score?

KAG (Kinesis) scores 66/100 on OnChain Benchmark's RWA Quality Rating — Developing, as of Oct 20, 2026 (methodology v1.6).

How is KAG's quality score calculated?

OnChain Benchmark scores KAG across four dimensions, each out of 25: disclosure quality (17/25), redemption liquidity (17/25), structural trust (13/25), and holder concentration (20/25). Each is multiplied by its methodology weight (structural trust ×1.4, holder concentration ×1.3, redemption liquidity ×0.9, disclosure quality ×0.4; weights sum to 4.0) and summed into the 66/100 composite — a weighted, not a plain, sum, so the four dimension scores do not add directly to the total. The full rubric is published at onchainbenchmark.com/methodology.

How concentrated is KAG's ownership?

OnChain Benchmark scores KAG's holder concentration 20/25 — one of the four dimensions of its quality rating, measured against free float (circulating supply outside issuer, custody, exchange, bridge and protocol wallets), on Kinesis (KAG). A higher score means ownership is more broadly distributed; a lower score means it is held by fewer wallets.

What does Developing mean?

Under OnChain Benchmark methodology v1.6, composite scores grade as Verified Capital (≥ 85), Institutional-grade (≥ 70), Developing (55–69), and Limited (below 55). KAG scores 66/100, placing it in Developing.

OCB — Quality Rating · Commodities

KAG Quality Rating

KAG (Kinesis) scores 66/100 on OnChain Benchmark's RWA Quality Rating — rated Developing (methodology v1.6, as of Oct 20, 2026).

Latest onchain read Oct 20, 2026

Updated daily

Quality score

of 100 · Developing

Dimensions measured

of 4

Outstanding supply

$208.83M

as of Oct 20, 2026

Chains

with measured supply

Why KAG scores 66

The biggest gap in KAG's score is how its custody is verified.

Each dimension's score is multiplied by its weight and summed: 66.30 of a possible 100, rounded to 66.

Composite

66 / 100

Dimension	Score	Weight	Why it scored this
Structural Trust Custody is only partly verified: there is some independent confirmation, but not the full, itemized verification that earns top marks. The issuer is supervised by CIMA (Cayman Islands). The contract cannot be changed. Upgrade factorCustody verified independently, with public reports.	13 / 25	×1.4	Custody is only partly verified: there is some independent confirmation, but not the full, itemized verification that earns top marks. The issuer is supervised by CIMA (Cayman Islands). The contract cannot be changed. Upgrade factorCustody verified independently, with public reports.
Redemption Liquidity Only onboarded institutions can redeem; the top score also needs a deep onchain market alongside it. Upgrade factorOnchain liquidity of at least 0.5% of supply (20 of 25).	17 / 25	×0.9	Only onboarded institutions can redeem; the top score also needs a deep onchain market alongside it. Upgrade factorOnchain liquidity of at least 0.5% of supply (20 of 25).
Holder Concentration Ownership is concentrated: the top 10 holders on Kinesis (KAG) own 41% of the free float there. Upgrade factorA wider holder base, with the top 10 owning 35% or less (22 of 25).	20 / 25	×1.3	Ownership is concentrated: the top 10 holders on Kinesis (KAG) own 41% of the free float there. Upgrade factorA wider holder base, with the top 10 owning 35% or less (22 of 25).
Disclosure Quality There is no independent way to check the holdings. Upgrade factorIndependent confirmation of this token's own holdings, at least monthly.	17 / 25	×0.4	There is no independent way to check the holdings. Upgrade factorIndependent confirmation of this token's own holdings, at least monthly.

OCB Instrument

Outstanding supply

Measured onchain daily, summed across every chain the fund is issued on. Latest reading $208.83M.

Source: OCB Quality Ratings · KAG · onchainbenchmark.comMeasured daily · Oct 20, 2026

OCB Instrument

Rating history

KAG’s quality rating, measured daily.

Source: OCB Quality Ratings · KAG · onchainbenchmark.comRecomputed daily · Oct 20, 2026

Key facts

Issuer, rubric and methodology

Issuer: Kinesis
Asset class: Commodities
Rubric: RWA Quality Rating
Methodology: v1.6
Last scored: Oct 20, 2026
What it is: Token backed 1:1 by allocated physical silver (1 KAG = 1 troy ounce) — the first material tokenized silver.

Chain

Share of measured supply by chain

With measured supply

Chain	Contract	Share of measured supply
Kinesis (KAG)	KAGExplorer ↗	100.0%

Evidence

Verified facts behind the rating

A sample of the verified facts behind KAG’s score. The full diligence trail is in the terminal.

Facts shown

Dimension	Fact	Finding	Verified	Source
Disclosure Quality	Contract address	Contract address verified on Kinesis (KAG): KAG (primary deployment) Confirmed active onchain.	Sep 3, 2026	Verified against primary sources

Cite this rating

Reference KAG’s rating

Every rating carries its methodology version and a stable permalink, so a citation stays accurate after a later rescoring run.

Plain

OnChain Benchmark (2026). KAG Quality Rating: 66/100 (Developing), as of Oct 20, 2026. Methodology v1.6. https://onchainbenchmark.com/instruments/kag

Harvard

OnChain Benchmark (2026) 'KAG Quality Rating', OnChain Benchmark, Developing, 66/100, methodology v1.6. Available at: https://onchainbenchmark.com/instruments/kag (Accessed: Oct 20, 2026).

BibTeX

@misc{ocb_kag_2026,
  author = {{OnChain Benchmark}},
  title = {{KAG Quality Rating}},
  year = {2026},
  note = {66/100, Developing, methodology v1.6},
  url = {https://onchainbenchmark.com/instruments/kag}
}

Full diligence trail

The interactive terminal shows every verified fact behind KAG's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.

Open in the terminal →Read the methodology →

Dimension

Score

Structural Trust

Custody is only partly verified: there is some independent confirmation, but not the full, itemized verification that earns top marks. The issuer is supervised by CIMA (Cayman Islands). The contract cannot be changed.

Upgrade factorCustody verified independently, with public reports.

13 / 25

Redemption Liquidity

Only onboarded institutions can redeem; the top score also needs a deep onchain market alongside it.

Upgrade factorOnchain liquidity of at least 0.5% of supply (20 of 25).

17 / 25

Holder Concentration

Ownership is concentrated: the top 10 holders on Kinesis (KAG) own 41% of the free float there.

Upgrade factorA wider holder base, with the top 10 owning 35% or less (22 of 25).

20 / 25

Disclosure Quality

There is no independent way to check the holdings.

Upgrade factorIndependent confirmation of this token's own holdings, at least monthly.

17 / 25

Chain

Share of measured supply

Kinesis (KAG)

100.0%

Dimension

Finding

Verified

Disclosure Quality

Contract address verified on Kinesis (KAG): KAG (primary deployment)

Confirmed active onchain.

Sep 3, 2026

@misc{ocb_kag_2026, author = {{OnChain Benchmark}}, title = {{KAG Quality Rating}}, year = {2026}, note = {66/100, Developing, methodology v1.6}, url = {https://onchainbenchmark.com/instruments/kag} }