Gide advises Spiko on opening UCITS funds to stablecoins

Gide advised Spiko on the implementation of a stablecoin settlement process for subscription and redemption orders relating to units of the Spiko EU T-Bills Money Market

Fund and Spiko US T-Bills Money Market Fund. These two funds are now the first UCITS funds to accept payments in euro- and dollar-backed stablecoins without relying on traditional banking infrastructure.

Spiko is a fintech specializing in tokenization-based treasury management solutions.

This transaction marks a significant milestone in the evolution of asset management, made possible in particular by the entry into force of the MiCA regulation. It enables the funds to fully benefit from the advantages of blockchain technology, particularly in terms of execution speed and transaction fluidity.

The Gide team advising on this matter comprised Guillaume Goffin, partner, Matthieu Lucchesi, counsel, and Luc Colin, associate.