What is KAU's quality score?

KAU (Kinesis) scores 60/100 on OnChain Benchmark's RWA Quality Rating — Developing, as of Oct 20, 2026 (methodology v1.6).

How is KAU's quality score calculated?

OnChain Benchmark scores KAU across four dimensions, each out of 25: disclosure quality (17/25), redemption liquidity (17/25), structural trust (13/25), and holder concentration (not published). 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 60/100 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.

OCB — Quality Rating · Commodities

KAU Quality Rating

Q: How concentrated is KAU's ownership?

OnChain Benchmark does not publish a holder-concentration figure for KAU. Its onchain holder set is a small group of custody and mint/distribution accounts on a permissioned network with no public wallet labels, so the concentration figure is not published (the raw onchain share would misstate custody as investor concentration). KAU's composite reflects its other measured dimensions.

Q: 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). KAU scores 60/100, placing it in Developing. Note that one of four dimensions cannot yet be measured for this instrument: Its onchain holder set is a small group of custody and mint/distribution accounts on a permissioned network with no public wallet labels, so the concentration figure is not published (the raw onchain share would misstate custody as investor concentration). The composite reflects the three measured dimensions, renormalized.

KAU (Kinesis) scores 60/100 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

$529.97M

as of Oct 20, 2026

Chains

with measured supply

Why KAU scores 60

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

The three measured dimensions, each multiplied by its weight, total 40.3 of a possible 67.5. Rescaled to 100, that is 59.70, rounded to 60.

Composite

60 / 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).
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.
Holder Concentration Its onchain holder set is a small group of custody and mint/distribution accounts on a permissioned network with no public wallet labels, so the concentration figure is not published (the raw onchain share would misstate custody as investor concentration).	— / 25	×1.3	Its onchain holder set is a small group of custody and mint/distribution accounts on a permissioned network with no public wallet labels, so the concentration figure is not published (the raw onchain share would misstate custody as investor concentration).

OCB Instrument

Outstanding supply

Measured onchain daily, summed across every chain the fund is issued on. Latest reading $529.97M.

Source: OCB Quality Ratings · KAU · onchainbenchmark.comMeasured 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 gold (1 KAU = 1 gram).

Chain

Share of measured supply by chain

With measured supply

Chain	Contract	Share of measured supply
Kinesis (KAU)	KAUExplorer ↗	100.0%

Evidence

Verified facts behind the rating

A sample of the verified facts behind KAU’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 (KAU): KAU (primary deployment) Confirmed active onchain.	Sep 3, 2026	Verified against primary sources

Cite this rating

Reference KAU’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). KAU Quality Rating: 60/100 (Developing), as of Oct 20, 2026. Methodology v1.6. https://onchainbenchmark.com/instruments/kau

Harvard

OnChain Benchmark (2026) 'KAU Quality Rating', OnChain Benchmark, Developing, 60/100, methodology v1.6. Available at: https://onchainbenchmark.com/instruments/kau (Accessed: Oct 20, 2026).

BibTeX

@misc{ocb_kau_2026,
  author = {{OnChain Benchmark}},
  title = {{KAU Quality Rating}},
  year = {2026},
  note = {60/100, Developing, methodology v1.6},
  url = {https://onchainbenchmark.com/instruments/kau}
}

Full diligence trail

The interactive terminal shows every verified fact behind KAU'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

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

Holder Concentration

Its onchain holder set is a small group of custody and mint/distribution accounts on a permissioned network with no public wallet labels, so the concentration figure is not published (the raw onchain share would misstate custody as investor concentration).

— / 25

Chain

Share of measured supply

Kinesis (KAU)

100.0%

Dimension

Finding

Verified

Disclosure Quality

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

Confirmed active onchain.

Sep 3, 2026

@misc{ocb_kau_2026, author = {{OnChain Benchmark}}, title = {{KAU Quality Rating}}, year = {2026}, note = {60/100, Developing, methodology v1.6}, url = {https://onchainbenchmark.com/instruments/kau} }