# Spiko Integrates Coinbase Stablecoin for EU T-Bill Funds

**Published:** 2026-07-04T17:03:03.802Z  
**Topic:** Coinbase%5C  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/48ee1219-d227-4ab2-9faf-2d1d245724d7

Spiko integrated Coinbase Payments into two EU UCITS funds, allowing USDC and EURC subscriptions and redemptions via the Base network.

Investment firm Spiko integrated Coinbase’s payment infrastructure into two EU-regulated UCITS Treasury funds, allowing eligible investors to use USDC and EURC for subscriptions and redemptions. Coinbase claims these are the first UCITS funds in Europe to accept direct stablecoin payments, settling transactions on its Base layer-2 network [1].

| At a glance | |
|---|---|
| Integration | Coinbase Payments into Spiko UCITS funds [1] |
| Assets | USDC and EURC supported [1] |
| Settlement | Coinbase Base layer-2 network [1] |
| Context | UCITS net sales hit record 828 billion euros in 2025 [1] |

## Payment rails vs. fund processing
The integration covers Spiko’s EU T-Bills Money Market Fund and US T-Bills Money Market Fund, both structured as Undertakings for Collective Investment in Transferable Securities (UCITS) [1]. Coinbase Payments provides the wallet and API infrastructure, with transactions settling on Base, the exchange’s layer-2 network [1]. Coinbase described the integration as a way to reshape payments infrastructure by connecting onchain capital with regulated funds, allowing investors to submit subscriptions at any time, including weekends and holidays [1]. However, Spiko clarified that the integration introduces a new payment method rather than changing the funds themselves; while redemption proceeds can be delivered to a stablecoin wallet within minutes after a position is liquidated, round-the-clock transfers do not mean the underlying fund continuously processes subscriptions and redemptions [1].

## Competitive landscape
The move into UCITS funds coincides with a rebound in net sales for the asset class, which reached 104 billion euros in April compared to net outflows of 41 billion euros in March [1]. Total net sales hit a record 828 billion euros in 2025, surpassing the previous high of 813 billion euros set in 2021 [1]. Other asset managers are testing similar utility models: in February, WisdomTree received approval for round-the-clock secondary trading and instant USDC settlement of its tokenized Treasury fund, relying on a broker-dealer for liquidity while primary fund processes remained unchanged [1]. Additionally, Franklin Templeton and Binance introduced a program allowing institutions to pledge tokenized fund shares as off-exchange trading collateral while the assets remain in regulated custody [1].

## What to watch
*   Adoption rates of the USDC and EURC payment rails among eligible Spiko investors.
*   Whether other UCITS funds replicate this model to capture onchain capital.
*   Further developments in 24/7 secondary trading models from competitors like WisdomTree.

The integration signals a shift toward using stablecoins as settlement infrastructure for regulated finance, though the operational boundary between payment speed and fund processing remains a critical distinction.

## Sources
1. Cointelegraph — [Spiko links EU regulated T-bill funds to Coinbase stablecoin rails](https://cointelegraph.com/news/spiko-coinbase-stablecoin-payments-treasury-funds)
2. Coinsnews — [Spiko links EU regulated T-bill funds to Coinbase stablecoin rails](https://coinsnews.com/spiko-links-eu-regulated-t-bill-funds-to-coinbase-stablecoin-rails)

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Cite as: TrendWatcher, "Spiko Integrates Coinbase Stablecoin for EU T-Bill Funds", https://www.trendwatcher.in/article/48ee1219-d227-4ab2-9faf-2d1d245724d7