Investment firm Spiko has integrated Coinbase’s stablecoin payments infrastructure with two regulated EU Treasury bill funds, enabling eligible investors to fund subscriptions and receive redemption proceeds using USDC and EURC.
Coinbase he said Tuesday’s integration includes Spiko’s EU T-Bills Money Market Fund and the US Treasury Bills Money Market Fund. Both are structured as undertakings for collective investment in transferable securities, or UCITS. Coinbase Payments will provide the payment infrastructure, wallet and application programming interface (API), and transactions will be settled on Base, Coinbase’s Layer 2 network.
The exchange said the products are the first UCITS funds in Europe to accept direct stablecoin payments.
The move to UCITS funds takes place once net asset sales recover by April at the latest data from the EFAMA trade group showed on Monday. UCITS recorded net inflows of €104 billion this month compared with net outflows of €41 billion in March. Net sales reached modern heights record in 2025, for a total of EUR 828 billion, surpassing the previous year’s highest amount of EUR 813 billion in 2021.
Tokenized funds aim for 24/7 usability
Coinbase described this integration as an example of how stablecoins can transform the payment infrastructure of mutual funds, removing bottlenecks for investors entering and exiting the product. It positions stablecoins as settlement infrastructure, connecting onchain capital with regulated investment funds.
Investors can place subscriptions at any time, including on weekends and holidays. At the same time, redemption proceeds can be delivered to your stablecoin wallet within minutes after the position is liquidated.
That said, 24/7 stablecoin transfers do not necessarily mean that the underlying fund is continuously processing subscriptions and redemptions. Spiko he said Coinbase integration introduces a modern payment method instead of changing the funds themselves.
Cointelegraph reached out to Coinbase for more information on order fulfillment but did not receive a response prior to publication.
Related: Coinbase, Kraken and OKX move to acquire EU users affected by MiCA restrictions
Other asset managers have tested ways to provide 24/7 access to tokenized funds. In February, WisdomTree received approval for 24/7 secondary trading and instant USDC settlement of its tokenized treasury fund, with liquidity provided by its broker-dealer, while primary fund processes remained unchanged.
Tokenized money market funds are also increasingly used as infrastructure beyond subscriptions and redemptions. In February, Franklin Templeton and Binance introduced a program that allows institutions to pledge tokenized fund shares as collateral for over-the-counter transactions while the assets remain in regulated custody
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