Coinbase x Spiko: MiCA-licensed, UCITS-approved, and now your money market fund can finally run on weekends 🕒

Coinbase Global has entered a partnership with Spiko Finance to enable stablecoin-based subscriptions and redemptions for regulated investment funds (RIFs) in Europe, the companies said. The collaboration extends Coinbase's European push following its receipt of a Markets in Crypto-Assets (MiCA) license, granted last week.

Under the arrangement, investors in Spiko's European and U.S. Treasury bill money market funds will be able to subscribe and redeem in USDC and EURC. Coinbase said the service, powered by Coinbase Payments and running on Base, its Ethereum L2 network, will be available "any time, any day of the week." Coinbase posted on X: "We're partnering with @Spiko_finance for instant stablecoin entry and exit in European UCITS funds. Any time, any day of the week. Finance should be 24/7, and Coinbase Payments is building the infrastructure for it."

The companies described the deal as the first partnership of its kind in Europe to bring stablecoins into money market funds, with transactions settled on Base and routed through Coinbase Payments. The setup is intended to remove traditional processing delays and allow near-instant settlement for fund flows denominated in USDC and EURC.

The MiCA license Coinbase secured last week allows the firm to operate as a regulated crypto-asset service provider across the European Union. Coinbase has framed the Spiko tie-up as a direct application of that license, positioning stablecoins as settlement infrastructure for compliant fund products within the bloc.