Kinesis Gold vs 
PAX Gold
Two tokenised gold products with different mechanics. PAX Gold represents an allocated London Good Delivery bar held by Paxos, regulated in New York. Kinesis KAU is denominated in grams and built around a monetary system that pays yields from network transaction fees, which is a materially more complex proposition than simply holding metal. With both, the token is only as good as the audit trail behind the vault.
12 months, both starting at 100 (AUD)
KAU → 110 · PAXG → 110| Measure | KAU | PAXG |
|---|---|---|
| Market cap | A$0.5B | A$2.6B |
| Rank | #137 | #53 |
| Price | A$193.58 | A$6,086.85 |
| 90-day change (AUD) | +4.0% | +4.8% |
| 12-month change (AUD) | +6.4% | +6.8% |
| From all-time high | −34.1% | −23.3% |
| Supply model | No fixed maximum | No fixed maximum |
| AU exchanges we verify it on | check on-platform | 2 |
About Kinesis Gold
Kinesis Gold (KAU) is a tokenised gold currency — each unit backed by one gram of physical gold in the Kinesis vaulting network, with Australian roots through its bullion-market heritage. It moves with the gold price.
About PAX Gold
PAX Gold (PAXG) is a tokenised claim on physical gold — each token represents one fine troy ounce held in vaults by the regulated issuer Paxos. It tracks the gold price rather than crypto sentiment.
FAQ
Which is bigger, Kinesis Gold or PAX Gold?
By market value today: PAX Gold (A$2.6B vs A$0.5B). Size measures money invested, not quality — but it does measure liquidity, which affects how easily you can buy and sell.
Which performed better this year?
Over the past 12 months in AUD terms: KAU +6.4%, PAXG +6.8% — the chart above shows the whole path, which matters more than the endpoints. Past performance is no indicator of future results, in either direction.
Can I buy both in Australia?
Availability differs — check the where-to-buy section on each coin's page. Compare costs first on the fee calculator, and remember every crypto-to-crypto swap between them is a CGT event.
Should I hold KAU or PAXG?
That's a personal decision we don't make for you — this page exists to make the structural differences clear so the choice is yours. What we'd say to anyone: understand what job each coin is designed for, size positions like the risk is real, and check the honest failure statistics before going further down the market-cap list.
Data from our market records (powered by CoinGecko), refreshed with the daily rebuild. General information only, not financial advice — we compare structure and history, we don't pick winners.