Key facts
- Coinbase and Spiko Finance have partnered to enable stablecoin payments for regulated EU investment funds.
- Investors can now use USDC and EURC for subscriptions and redemptions in Spiko's EU T-Bills Money Market Fund and US T-Bills Money Market Fund.
- The integration leverages Coinbase Payments infrastructure and settles transactions on Coinbase's Base layer-2 network.
- This offering allows for 24/7 transaction capabilities, removing traditional settlement bottlenecks.
- Coinbase recently secured a Markets in Crypto-Assets (MiCA) license, permitting regulated digital asset services across the EU.
Coinbase has partnered with Spiko Finance to integrate stablecoin payment infrastructure into two regulated EU Treasury-bill funds. This collaboration allows eligible investors to use USDC and EURC for subscriptions and redemption payments, offering 24/7 transaction capabilities. The integration leverages Coinbase Payments and settles on Coinbase's Ethereum layer-2 network, Base. This move comes after Coinbase secured a Markets in Crypto-Assets (MiCA) license, enabling it to offer regulated digital asset services across all 27 EU member states. Spiko's funds are structured as Undertakings for Collective Investment in Transferable Securities (UCITS). The partnership aims to remove bottlenecks in traditional settlement systems, allowing investors to move stablecoins into funds at any time and receive redemption proceeds within minutes. This initiative positions stablecoins as settlement infrastructure connecting on-chain capital with regulated investment funds.