Tel Aviv, Israel – 27/4/26 – Bits of Gold, the leading regulated digital asset financial services platform in Israel since 2013, announced it has received approval from Israel’s Capital Market Authority to issue and distribute BILS, a shekel-pegged stablecoin. The launch marks the first fully regulated stablecoin tied to the Israeli shekel, connecting one of the world’s strongest-performing fiat currencies to global blockchain infrastructure.
The approval follows an extensive regulatory sandbox process, during which risk management, cybersecurity, privacy protections, and reserve mechanisms were evaluated. BILS now operates under full regulatory oversight in line with international standards and the framework set by the Capital Market Authority. The global stablecoin market currently exceeds $320 billion in market capitalization, with annual transaction volumes reaching approximately $46 trillion.
“The approval represents a milestone not only for our company, but for the evolution of financial infrastructure,” said Youval Rouach, Founder and CEO of Bits of Gold. “BILS creates a direct bridge between the Israeli shekel and the global digital assets economy, enabling real-time payments, on-chain trading, and programmable financial applications based on a regulated local currency.”
BILS was developed in collaboration with Fireblocks, QEDIT, and the Solana network, with auditing and professional oversight provided by EY. Each issued BILS token is backed by Israeli shekels held in designated bank accounts, ensuring transparency and ongoing financial controls.
The launch comes amid growing global interest in non-dollar stablecoins, as jurisdictions increasingly explore digital representations of local currencies. In recent years, the Israeli shekel has emerged as one of the stronger-performing fiat currencies among developed markets, supported by a resilient technology sector and consistent macroeconomic management. Bringing the shekel on-chain positions it alongside other leading currencies, including the euro, yen, and Singapore dollar, that are beginning to gain traction in blockchain-based financial systems.
BILS is expected to support a wide range of use cases, including instant liquidity provision, foreign exchange transactions against major stablecoins such as USDC, and execution of smart contracts without intermediaries. The asset also enables individuals and institutions to hold and transfer shekel-denominated value globally, at any time, directly from digital wallets.
“With hundreds of stablecoins already in circulation, mostly tied to the U.S. dollar, we are now seeing increased adoption of stablecoins linked to local currencies,” said Omer Paz, Head of BILS at Bits of Gold. “The introduction of BILS places Israel within a growing group of economies building the next generation of payment infrastructure. The focus now shifts to real-world adoption across financial institutions, businesses, and global markets.”
Following regulatory approval, Bits of Gold plans to expand partnerships with financial institutions and payment providers, both domestically and internationally, to support the integration of BILS into existing financial systems and emerging digital asset ecosystems.
About Bits Of Gold
Bits of Gold is the largest, regulated, and pioneer company in Israel for trading in digital currencies since 2013. With over 250K registered clients, the company is the first active company in Israel to receive a crypto license from the Capital Market Authority.
Bits of Gold was the first company in Israel to create a legal framework that allows buying, selling, and custodian service of digital currency in Israel. Today, Bits of Gold continues to lead the Israeli crypto initiatives market. In 2022, the company launched the maxBack CRYPTO credit card with MAX, the first card in Israel that allows the accumulation of bitcoins on monthly purchases.
Passionate about how technology can empower people to create a more just and sustainable world.
