Coinbase and Spiko have enabled stablecoin payments for regulated EU Treasury-bill funds, marking the first time UCITS money market products accept direct stablecoin transactions. The integration allows eligible institutional clients to subscribe and redeem shares in Spiko’s US T-Bills Money Market Fund and EU T-Bills Money Market Fund using USDC and EURC, respectively.
The payment rails are powered by Coinbase Payments, which provides wallet, API, and settlement infrastructure. Transactions settle on Base, Coinbase’s layer-2 network, reducing reliance on traditional bank transfers and extending subscription windows beyond standard banking hours, including weekends and holidays.
Spiko emphasized that the update only adds a payment method and does not alter the funds’ underlying structure or UCITS compliance. Redemption proceeds can now be credited to a stablecoin wallet within minutes of liquidation, offering treasury teams faster access to capital.
The move capitalizes on renewed demand for UCITS products in Europe – EFAMA reported net inflows of €104 billion in April 2025, recovering from a €41 billion outflow in March. This partnership also aligns with a broader tokenized fund trend; WisdomTree recently obtained approval for 24/7 secondary trading of a tokenized Treasury fund, while Franklin Templeton and Binance have introduced tokenized fund shares as off-exchange institutional collateral.
