Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.
Bits of Gold, a Tel Aviv-based licensed crypto broker/custodian operating since 2013, received full regulatory approval on April 28 2026 from Israel's Capital Market, Insurance and Savings Authority (CMISA) to issue BILS, the first regulated shekel-pegged stablecoin, following a two-year sandbox pilot approved in March 2024. Backed 1:1 by New Israeli Shekels held in segregated dedicated bank accounts within Israel (foreign custody excluded), audited by Ernst & Young, with Fireblocks custody/issuance infrastructure and QEDIT zero-knowledge privacy, issued on Solana via token extensions. The regulator mandates a deliberately gradual, small-scale rollout (likely institutional/qualified participants first) before wide availability; no firm public-launch date set. Distinct from Israel's broader Stablecoin Law, which remains in draft/public-comment stage. Pharos tracks the ILS peg as OTHER until shekel peg support is built.
BILS (BILS) Pre-launch Stablecoin Tracker
BILS
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- Centralized (CeFi)
- Peg Currency
- Other
- Jurisdiction
- Israel (Capital Market, Insurance and Savings Authority (CMISA))
Launch Timeline
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CMISA grants full approval for BILS limited launch
After a two-year pilot, the Capital Market, Insurance and Savings Authority grants Bits of Gold full approval to issue BILS under conditions including 1:1 backing, segregated Israeli reserves, and an EY audit, with a gradual small-scale rollout.
SourceIsrael's Capital Market Authority approves Bits of Gold shekel stablecoin sandbox pilot
CMISA approves a regulatory sandbox pilot for a shekel-pegged stablecoin issued by Bits of Gold, to be launched on Solana via token extensions.
SourceIsrael's First Regulated Shekel
BILS is the first shekel stablecoin to clear an Israeli regulator, and unlike most entries on this list it is approved rather than merely announced — Bits of Gold spent two years in a sandbox before the Capital Market, Insurance and Savings Authority signed off in April 2026. The conditions are unusually concrete for a pre-launch asset: 1:1 New Israeli Shekel backing held in segregated bank accounts inside Israel (foreign custody explicitly barred), an Ernst & Young audit, Fireblocks issuance infrastructure, and QEDIT zero-knowledge privacy, all on Solana via token extensions. What is missing is reach — the regulator is requiring a deliberately gradual, small-scale rollout, likely to institutions first, with no firm public-launch date and no DefiLlama or CoinGecko footprint yet. That throttled debut, plus a peg Pharos doesn't yet price (tracked as OTHER until shekel support lands), is exactly why it sits in pre-launch rather than the live table. Note the regulatory lane: this is a CMISA rulebook approval, not the broader Israeli Stablecoin Law, which is still stuck in draft. A real, audited, regulator-blessed shekel — just not one you can buy in size yet.
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