Coinbase and Spiko Enable Stablecoin Payments for European UCITS Funds

Coinbase has partnered with French fintech Spiko to integrate stablecoin payment infrastructure into two regulated European UCITS money‑market funds that invest in U.S. and Euro Treasury bills. The integration allows eligible institutional investors to subscribe to, and redeem from, the funds using the stablecoins USDC and EURC, with transactions settled on Coinbase’s Base layer‑2 network. By operating 24/7, the solution removes the traditional T+2 settlement lag, delivering near‑instant settlement and reducing costs.

The collaboration marks the first time UCITS funds in Europe will accept direct stablecoin payments, aligning with the EU’s MiCA framework and signalling further convergence between traditional finance and crypto services. Coinbase will provide wallet, payment and API services, while Spiko remains the fund manager. Industry analysts note that the move could improve liquidity management for institutional investors and set a precedent for tokenized fund structures across the region.