BILS pre-launch stablecoin tracker
BILS is Bits of Gold's regulator-approved Israeli shekel stablecoin on Solana, backed 1:1 by segregated shekel reserves and pending a gradual limited launch.
Phase
Current launch phase
Target launch
Target drift
First target, unchanged
Since announcement
Announced Mar 2024
Live surfaces
Activates at launchPrice & peg · Supply & flows · Liquidity · Safety Score · DEWSIsrael's First Regulated Shekel
BILS is the first shekel stablecoin to clear an Israeli regulator. Bits of Gold, a Tel Aviv crypto broker and custodian, spent two years in a sandbox before the Capital Market, Insurance and Savings Authority approved a limited launch on April 28, 2026. The approval conditions are concrete: 1:1 New Israeli Shekel backing in segregated bank accounts inside Israel with foreign custody excluded, an Ernst & Young audit, Fireblocks issuance infrastructure, and QEDIT zero-knowledge privacy, all on Solana via token extensions. The regulator also required a deliberately gradual, small-scale rollout. Bits of Gold announced in July 2026 that the pilot was complete and BILS was moving to wide distribution, but the on-chain record has not followed. As of late September the published Solana mint still held a flat 100,000 BILS with no mint activity since August 6, while the issuer's transparency page claimed 1.1M in circulation and listed its Q3 2026 Ernst & Young report as pending. Pharos also tracks the peg as OTHER until shekel support exists, so BILS stays in pre-launch. The approval sits under the CMISA rulebook; Israel's broader Stablecoin Law is still in draft. Until the published contract reconciles with the issuer's circulation figure, the approval is better documented than the token.
· AI summary · drafted by claude-opus-5-5 · facts as of 2026-10-19
AI policy
BILS Launch path
Launching soon phase, targeting 2026 on its first target; 4 milestones logged since Mar 2024.
Launch status narrative
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. As of September 27 2026 the Solana mint (CDxFUPSRK4dC68jWV7SCPezU1vNYXz87Y6fjhhRvsuhd) still holds a flat 100,000 BILS with no mint activity since August 6 2026, while the bils.co.il transparency page states 1.1M BILS in circulation, a figure the published Solana contract does not support; the site also describes issuance on Solana and Ethereum but publishes no Ethereum address. On August 16 2026 Bits of Gold disclosed a breach of up to 250,000 customers' personal details through a third-party analytics provider, reporting it to CMISA with funds unaffected. The transparency page lists the EY Q3 2026 report as pending, and the white paper served as new in September 2026 is internally dated June 2025. CoinGecko carries the mint with no price or tickers. 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.
Launch status: quick answers
- When will BILS launch?
- Pharos records BILS in the launching soon phase. It was announced in Mar 2024. The current launch target is 2026. Targets come from issuer statements; Pharos does not estimate launch dates.
- Who issues BILS?
- BILS is Bits of Gold's regulator-approved Israeli shekel stablecoin on Solana.
- Is BILS live yet?
- Pharos lists BILS as pre-launch (the launching soon phase): no price and market-cap source is admitted for it yet, so Pharos shows no price, supply, liquidity or Safety Score. Live tracking starts once both can be verified.
BILS Activity
- Milestone
Bits of Gold discloses customer-data breach through a third-party analytics provider
Personal details of up to 250,000 customers, including names, identification numbers, emails, and IP addresses, were exposed through a global cyberattack on an external analytics service provider exploiting Metabase; customer funds and cryptocurrencies were not affected, and the incident was reported to the Capital Market, Insurance and Savings Authority. Paz froze Bitcoin purchases on its Yellow app in response.
Source - Milestone
Bits of Gold announces move to wide distribution of BILS
Official blog post states the sandbox pilot is complete and BILS is moving to wide distribution, with a live purchase and transparency site at bils.co.il; roughly 100,000 BILS minted on Solana as of early August 2026.
Source - Regulatory
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.
Source - Regulatory
Israel'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.
Source