Spiko Connects EU-Regulated T-Bill Funds to Coinbase Stablecoin Network
Spiko has integrated Coinbase Payments into two EU-regulated UCITS Treasury funds, allowing investors to subscribe and redeem using USDC and EURC via Base.
A quiet but significant convergence of traditional finance and crypto infrastructure is underway in Europe. Paris-based asset manager Spiko has integrated Coinbase Payments into its two European Union-regulated UCITS Treasury funds, creating a direct bridge between regulated money-market instruments and on-chain stablecoin rails. The move allows investors to fund subscriptions and process redemptions using USDC and EURC, Coinbase's euro-pegged stablecoin, both routed through Base, the Ethereum layer-2 network incubated by Coinbase.
The practical significance here extends beyond a simple payment upgrade. UCITS funds carry the EU's most recognized regulatory imprimatur for retail investment products, meaning this integration places stablecoin settlement inside a compliance framework that regulators and institutional investors already trust. By accepting USDC and EURC as entry and exit mechanisms, Spiko is essentially arguing that stablecoins can serve as legitimate cash-equivalent rails — not just speculative instruments — within tightly supervised fund structures.
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The choice of Base as the settlement layer is also worth noting. Base offers lower transaction costs and faster finality than Ethereum mainnet while inheriting much of its security profile, making it a pragmatic fit for fund operations that demand both cost efficiency and reliability. The integration also signals growing institutional confidence in Coinbase's broader ecosystem strategy, which pairs its regulated exchange and custody business with its payments infrastructure and its own public blockchain.
For European investors, the arrangement lowers friction considerably: rather than navigating traditional wire transfers or correspondent banking delays, stablecoin holders can move capital into EU-regulated Treasury exposure and back out again through on-chain transactions. This model could serve as an early template for how tokenized or stablecoin-native investors access conventional regulated fund products as the MiCA regulatory framework continues to mature across the bloc.
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