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3w ago

Coinbase and Spiko Enable Stablecoin Payments for UCITS Treasury‑Bill Funds

The change routes subscriptions and redemptions through Coinbase Payments with settlement on Base to give treasury teams near‑instant, round‑the‑clock access to fund liquidity.

Landmark first: coinbase brings stablecoin funding to europe’s regulated mutual funds

Overview

  • The firms announced on June 30, 2026 that Spiko’s US and EU UCITS T‑Bills money market funds will accept USDC and EURC for subscriptions and redemptions using Coinbase Payments.
  • Coinbase Payments supplies wallet, API and payment orchestration while transactions settle on Base, Coinbase’s Ethereum layer‑2, enabling transfers in minutes outside normal banking hours.
  • Spiko says the update is strictly a new payment method that does not change fund structure, UCITS oversight, or the funds’ existing subscription and redemption rules.
  • The integration targets institutional treasury teams that face multi‑day bank settlement delays by letting investors move cash-like stablecoins into or out of regulated funds 24/7.
  • The move follows wider 2026 efforts to tokenize short‑term Treasury products and signals growing industry use of stablecoins as plumbing for regulated finance, according to Coinbase and industry reporting.