Spiko Connects EU-Regulated T-Bill Funds to Coinbase Stablecoin Network
French fintech Spiko has integrated Coinbase Payments into two EU-regulated Treasury funds, allowing investors to subscribe and redeem using USDC and EURC stablecoins.
A quiet but consequential convergence of traditional regulated finance and crypto infrastructure is underway in Europe. Paris-based Spiko has integrated Coinbase Payments into two of its EU-regulated UCITS Treasury funds, allowing investors to move money in and out using USDC and EURC stablecoins settled over Base, Coinbase's layer-2 blockchain network. The move marks one of the more concrete examples of stablecoin rails being embedded directly into compliant investment products.
UCITS — Undertakings for Collective Investment in Transferable Securities — represent Europe's gold standard for retail investment fund regulation, carrying passporting rights across EU member states. By wiring stablecoin payment infrastructure into funds operating under that framework, Spiko is effectively bridging the gap between on-chain liquidity and the heavily supervised world of European asset management. This matters because it suggests regulated fund structures and crypto payment layers are no longer inherently incompatible.
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The practical implication for investors is meaningful: rather than converting digital assets to fiat before accessing Treasury-backed yield products, users can now subscribe to and redeem from these funds directly in USDC or EURC. That removes friction and potentially reduces settlement time, two persistent pain points when traditional and decentralized financial systems have tried to interoperate previously.
More broadly, the integration reflects a maturing thesis in institutional crypto — that stablecoins are most valuable not as speculative assets but as programmable settlement infrastructure. Coinbase's Base network, as the underlying layer, gains additional real-world utility beyond trading, lending credibility to Coinbase's ambition of positioning Base as a hub for legitimate financial activity. For European retail and institutional investors alike, this development signals that regulated on-chain investment products are moving from concept to accessible reality.
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