Coinbase has integrated its Payments infrastructure with Spiko, marking a “landmark first” that enables Europe’s first UCITS funds to accept EURC and USDC for near-instant subscriptions and redemptions on Base.
Key Takeaways:
Coinbase and Spiko introduced stablecoin funding for Spiko’s regulated UCITS money market funds, marking a European first.Investors can subscribe and redeem using EURC or USDC with near-instant settlement through Base.Broader adoption could expand real-time treasury operations while maintaining European regulatory compliance standards.This development represents what the companies characterize as the first UCITS funds in Europe to accept onchain funding through Euro Coin (EURC) and USD Coin (USDC), bringing near-instant settlement capabilities.
Coinbase stated:
Stablecoin Payments Aim to Reduce Settlement Delays for Institutional Treasury OperationsThe companies said that the new payment model goes beyond tokenizing investment products by improving how investors access and exit regulated funds. Coinbase portrayed stablecoin-backed treasury management as a system enabling capital to flow into and out of regulated T+0 assets without depending on traditional banking settlement windows.
“UCITS funds are the highest standard of retail fund regulation in Europe, offering rigorous investor protections, and continuous supervisory oversight.”
According to Coinbase, investors can enter the funds at any time using USDC or EURC and obtain redemption proceeds within minutes. The company further noted that its wallet infrastructure meets institutional security and compliance expectations while facilitating high-value capital transfers through automated API integrations.
“More broadly we see this as a core example of the future of payments infrastructure for mutual funds and the financial system more broadly,” Coinbase emphasized, describing the integration as part of a broader shift toward real-time, onchain financial infrastructure.
