Pegged 1:1 to the shekel
Every SIBO in circulation is backed by one real Israeli Shekel in reserves. The model is non-speculative and 100% reserve-backed.
Live on Ethereum mainnet The Israeli Shekel,
The Israeli Shekel,
on the blockchain.
SIBO is a fully collateralised digital shekel, pegged 1:1 to the New Israeli Shekel and backed by short-term Israeli government bonds and tier-one cash deposits.
- 1:1
- Pegged to the New Israeli Shekel
- 100%
- Reserve backed, zero fractional reserve
- 85–90%
- Held in Israeli government bonds
- 24/7
- Global trading, AML/KYC-compliant
The basics
What exactly is SIBO?
SIBO is a private, non-governmental stablecoin, fully backed by Israeli government-issued assets. It combines the reliability of fiat with the innovation of blockchain.
Backed by government bonds
Reserves are 85–90% short-term Israeli government bonds (Makam, Shahar) and 10–15% cash at tier-one Israeli banks.
Issued only after deposit
Tokens are minted on demand, once a shekel deposit clears and KYC and AML checks pass. Supply has no cap and adjusts to actual deposits. All tokens go to users who deposit shekels: there is no pre-mine, no team allocation and no VC share.
Redeemable at any time
Return SIBO through the platform and the tokens are burned, with shekels sent to your bank account at face value. No slippage, no liquidity mismatch.
The need
Why a digital shekel?
Israeli individuals, businesses and DeFi participants need a local, stable and sovereign-compliant digital asset.
Bitcoin and Ethereum are not stable
Traditional cryptocurrencies offer neither price stability nor regulatory safeguards.
USDT and USDC are dollar assets
The most popular stablecoins are pegged only to the US Dollar. They ignore the financial needs of Israeli users, businesses and regulators.
A CBDC is not the only answer
A central bank digital currency raises questions about privacy, programmability and central control. SIBO is a market-driven, private alternative.
Comparison
SIBO and a CBDC are not the same thing
SIBO is sovereign-pegged, regulation-aligned and backed by audited reserves.
| Feature | SIBO (private stablecoin) | CBDC (government-issued) |
|---|---|---|
| Innovation speed | Agile, market-driven updates | Slow, bureaucratic processes |
| Blockchain support | Ethereum today; Tron, BNB Chain and Solana planned | Likely restricted to one chain |
| Accessibility | 24/7 trading, global and AML/KYC-compliant | May include geographic limits |
| Use cases | Escrow, DeFi, supply chain, loyalty | Restricted to official use cases |
| User privacy | Pseudonymous, under private standards | Fully traceable by government |
| Transparency | Real-time proof of reserves | Limited reserve visibility |
| Fees | Market competitive | Fixed by central authority |
| Governance | Multi-sig today, user-led from Phase 2 | Centralised, non-optional |
| Resilience | Legally structured reserves | May change due to policy shifts |
Proof of reserves
Every shekel is auditable
Transparency is a cornerstone of SIBO. Reserve verification runs in several layers.
- A live dashboard showing total SIBO supply, and the value and type of reserves held.
- Monthly attestation by certified auditors.
- Quarterly full audits by independent third parties.
- Chainlink oracle integration for programmatic verification.
Collateral composition
- 85–90%
- Israeli government bonds (Makam, Shahar) — short-term, low-risk, high-liquidity
- 10–15%
- Cash at tier-one Israeli banks — for immediate redemption liquidity
Get started
Issuance and redemption
Always 1:1 redeemable, with zero slippage and no liquidity mismatch.
Minting SIBO
- Deposit shekels through an approved channel.
- KYC and AML checks are carried out.
- SIBO is minted 1:1 and sent to your wallet.
- Funds are allocated to collateral according to policy.
Redeeming SIBO
- Return SIBO through the platform.
- The tokens are burned.
- Shekels are transferred to your bank account.
- Reserves are adjusted in real time.
SIBO is live on Ethereum mainnet at 0xa51c19b3EF27Ecc11B6Df8F34C83AdaBfDb4cC7a
Use cases
What can you do with SIBO?
SIBO is designed for use within the crypto economy. It is DeFi-native but compliance-ready.
Lending and borrowing
SIBO is designed for lending and borrowing protocols.
Trading pairs and AMMs
SIBO is designed for trading pairs and automated market makers (AMMs).
Escrow, supply chain and loyalty
SIBO supports escrow, supply-chain and loyalty use cases.
Collateral
Use SIBO as collateral in synthetic assets and derivatives.
Cross-stablecoin bridges
Bridges to USDT and USDC, using LayerZero and Chainlink infrastructure.
Self-custody and reporting
A DApp interface for conversion, self-custody and reporting.
Roadmap Phase 1 Phase 2 Phase 3
Where SIBO goes next
Launch
- SIBO deployed on Ethereum mainnet
- Web platform and wallet integration
- Initial reserves verified
Expansion
- Cross-chain bridges to Tron, BNB Chain and Solana
- Integration with major DEXs and lending protocols
- Community governance launch
Institutional adoption
- Partnerships with payment providers and fintechs
- Onboarding regulated crypto exchanges
- Regional and global expansion
Legal and regulatory
Built to be supervised
Operates as a private Israeli company under regulatory oversight.
Full AML and KYC compliance through a regulated onboarding system.
Auditable, transparent accounting practices.
Zero leverage, zero rehypothecation, and user-first security protocols.
Compliance controls and upgrades are held by a multi-sig wallet, and every action is recorded on-chain.
FAQ
Questions people ask
What backs each SIBO?
One real Israeli Shekel of reserves. Roughly 85–90% is held in short-term Israeli government bonds, and 10–15% in cash at tier-one Israeli banks. There is no fractional reserve.
How do you make money without inflating the supply?
A small fee of 0.1–0.3% on issuance and redemption, plus bond yields of 3–4% that cover operating costs. There is no dilution of user value and no speculative reward scheme.
Is there a fee on transfers?
The SIBO contract includes a transfer fee, and it ships switched off — no fee is charged on transfers at launch. If it is ever switched on, the fee is paid by the sender and added on top of the amount sent, so the recipient always receives exactly what was sent. Any change is made by the multi-sig wallet and is visible on-chain.
Can the issuer freeze or upgrade the token?
Yes, and both are deliberate. SIBO can block an address from sending or receiving, to meet compliance requirements. This is the same control USDC uses. The contract is also upgradeable, without changing the token address or moving holders. Both powers sit with a multi-sig wallet, and every action is recorded on-chain.
Can I always redeem at face value?
Yes. Redemption is always 1:1, with zero slippage and no liquidity mismatch. The tokens you return are burned and reserves are adjusted in real time.
Who governs SIBO?
SIBO operates under the supervision of the Israeli Capital Market Authority. A separate governance token, planned for Phase 2, will let holders elect auditors, vote on policy such as the reserve split, and propose new chain deployments. A foundation of appointed accountants, lawyers and public representatives oversees fiduciary integrity.
Which chains is SIBO on?
SIBO is live on Ethereum mainnet today. Bridges to Tron, BNB Chain and Solana are planned in Phase 2.
Is SIBO a CBDC?
No. SIBO is a private, non-governmental stablecoin: a market-driven alternative to a CBDC. It is sovereign-pegged and regulation-aligned.