Investment manager Spiko has expanded the use of digital assets in traditional finance by enabling investors to subscribe to and redeem shares in two regulated money market funds using stablecoins.
The new capability is powered by Coinbase’s payment infrastructure and allows eligible investors to use USDC and EURC when investing in Spiko’s European and U.S. Treasury bill funds, marking a notable step in the integration of blockchain technology with regulated financial products.
Coinbase Infrastructure Powers the New System
According to Coinbase, its payment platform now supports transactions for Spiko’s EU T-Bills Money Market Fund and US T-Bills Money Market Fund, both of which operate under the European Union’s Undertakings for Collective Investment in Transferable Securities (UCITS) framework.
The crypto exchange is providing the wallet technology, payment processing and application programming interface (API) needed to facilitate the transactions, while settlements are completed on Base, Coinbase’s layer-2 blockchain network.
Coinbase says the offering represents the first UCITS investment funds in Europe to support direct stablecoin payments.
Demand for UCITS Funds Continues to Recover
The announcement comes as Europe’s UCITS market experiences renewed momentum.
Recent industry figures released by the European Fund and Asset Management Association (EFAMA) showed that UCITS funds attracted net inflows of €104 billion in April after recording €41 billion in net outflows the previous month.
The sector also reached a record milestone in 2025, with annual net sales climbing to €828 billion, exceeding the previous high of €813 billion set in 2021.
Faster Transactions for Investors
The partnership is designed to simplify how investors move money into and out of regulated investment funds.
By using stablecoins as the settlement mechanism, investors can initiate subscription requests at any time of day, including weekends and public holidays, without relying on conventional banking hours.
Once fund shares are redeemed, proceeds can be transferred to a compatible stablecoin wallet within minutes after the investment has been liquidated, significantly reducing settlement delays compared with traditional payment methods.
Fund Operations Remain Unchanged
While the payment experience becomes more flexible, the underlying investment funds will continue to operate under their existing regulatory and operational procedures.
Spiko emphasized that the Coinbase integration introduces an alternative payment option rather than altering how the funds process subscriptions and redemptions internally.
Continuous stablecoin availability does not mean the funds themselves operate around the clock.
Coinbase did not provide additional details regarding order execution timelines before publication.
Asset Managers Continue Expanding Tokenized Finance
The latest collaboration reflects a broader trend among financial institutions exploring tokenized investment products.
Earlier this year, WisdomTree secured approval to enable around-the-clock secondary market trading of its tokenized U.S. Treasury fund with instant settlement in USDC.
Although investors could trade continuously, the fund’s primary creation and redemption processes remained unchanged.
Tokenized Funds Finding New Institutional Uses
Beyond improving investor payments, tokenized money market funds are increasingly being used in institutional finance.
In February, Franklin Templeton partnered with Binance on a system allowing institutional clients to use tokenized fund shares as collateral for off-exchange trading.
Under the arrangement, the underlying assets remain held within regulated custody while providing additional flexibility for trading activities.
Digital Assets Continue Moving Into Mainstream Finance
The partnership between Spiko and Coinbase highlights how blockchain technology is increasingly being integrated into regulated financial markets rather than operating alongside them.
As more asset managers experiment with tokenized funds and stablecoin-based settlement, digital payment infrastructure is steadily becoming part of traditional investment products, offering investors greater flexibility while remaining within established regulatory frameworks.
