Coinbase + Spiko: 24/7 Stablecoin Access to European UCITS Funds
Summary
Coinbase and tokenized asset issuer Spiko launched a partnership (June 30, 2026) enabling institutional investors to subscribe to and redeem European UCITS money market funds using USDC and EURC stablecoins — the first fully compliant European mutual fund framework to accept native digital assets for near-instantaneous settlement.
Key Facts
- Spiko's EU T-Bills and US T-Bills Money Market Funds now accept subscriptions in USDC/EURC; both operate under the EU UCITS framework.
- Eliminates the T+2 bank-transfer bottleneck → minutes-level settlement, including weekends/holidays.
- Coinbase Payments processes transactions; Base provides low-cost blockchain settlement.
- Supports continuous subscriptions, fast redemptions, secure wallet management, automated capital flows.
- Builds on Coinbase's tokenized credit fund CUSHY (Apr 2026) and stablecoin-backed credit partnership with Apollo.
- Stablecoin market ~$312.3B (DeFiLlama) despite modest weekly decline.
Why It Matters
A concrete bridge between stablecoins and regulated European fund infrastructure — corporate treasury can now move between digital dollars and T-bill money market funds 24/7, a template for stablecoin-native institutional cash management under UCITS.