Best crypto money-market funds in Germany
Spiko US T-Bills Money Market Fund (USTBL) ranks highest in ChainChoice’s published money-market funds ranking among the providers that list Germany. One of the most crypto-friendly tax regimes in Europe — a 12-month hold renders private gains tax-free.
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Which crypto money-market fund should Germany residents use in November 2026?
Spiko US T-Bills Money Market Fund (USTBL) ranks highest in ChainChoice’s published money-market funds ranking among the providers that list Germany. The order is the published ranking itself; providers whose terms exclude Germany are removed. Check authorisation with BaFin before depositing.
- Germany residents holding capital in EUR
- Users who need BaFin-aligned compliance and audit-grade reporting
- Buy-and-hold profiles benefiting from Germany's tax treatment
- Sophisticated retail and family-office treasurers
- Derivatives / perpetuals traders (use a regulated futures venue instead)
- Privacy-focused users avoiding KYC (these are licensed venues)
- Day-traders chasing the lowest spreads regardless of regulator posture
- Anyone needing a service BaFin does not currently authorise
General guidance for Germany: the ranking engine does not compute these notes and they do not change the order below. If none fits you, answer the Find My Best questions for a result for your profile.
5 money-market funds listed for Germany
In ChainChoice’s published ranking order, from this category’s 8 providers: those whose terms exclude Germany are removed; those silent on it come last. Each chip names the basis: a dated check, a region listing, or the provider's own claim.
#1 for GermanySpiko US T-Bills Money Market Fund (USTBL)#1 globallyProvider states broad availability A French-domiciled money market fund approved by the AMF, with a one-dollar minimum and an ISIN, distributed by Spiko and managed by Twenty First Capital.
Regulator and registration number — 10/10Published fee against fund yield — 8/10Portfolio and liquidity rules — 8/10#2 for GermanyFidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT)#2 globallyProvider states broad availability A Rule 2a-7 registered money market fund with a dedicated on-chain share class whose blockchain record is explicitly secondary to the transfer agent's book-entry register.
Regulator and registration number — 10/10Portfolio and liquidity rules — 9/10Published fee against fund yield — 8/10#3 for GermanyJanus Henderson Anemoy Treasury Fund (JTRSY)#4 globallyLists Europe; Germany not individually verified A BVI professional fund open only to non-US professional investors, whose token is prima facie evidence of ownership under BVI law.
Token as the share of record — 8/10Published fee against fund yield — 4/10#4 for GermanyBlackRock USD Institutional Digital Liquidity Fund (BUIDL)#6 globallyProvider states broad availability A British Virgin Islands limited company sold under a Section 3(c)(7) private-placement exemption, tokenised across nine networks by Securitize.
Token as the share of record — 6/10Regulator and registration number — 3/10#5 for GermanyCircle USYC (Hashnote International Short Duration Yield Fund Ltd)#7 globallyLists Europe; Germany not individually verified A Cayman Islands mutual fund whose shares sit with a transfer agent and are mirrored on chain as ERC-20 digital twins, issued by a Bermuda-regulated Circle entity.
Token as the share of record — 3/10Published fee against fund yield — 3/10
Commission: None of these providers pays ChainChoice anything for these links. Disclosure
Provider links appear once we know which country you are browsing from: ChainChoice links to providers only where it serves in full.
Crypto products are high risk. Check the provider is authorised where you live before you deposit.
- Insolvency failure: the firm or issuer that owes you cannot pay.Scored by Token as the share of record · 30% (Spiko US T-Bills Money Market Fund (USTBL) 6/10, Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT) 3/10, Janus Henderson Anemoy Treasury Fund (JTRSY) 8/10)Scored by Portfolio and liquidity rules · 20% (Spiko US T-Bills Money Market Fund (USTBL) 8/10, Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT) 9/10, Janus Henderson Anemoy Treasury Fund (JTRSY) 4/10)
- Regulatory failure: no licence where you are, or a forced market exit.Scored by Regulator and registration number · 28% (Spiko US T-Bills Money Market Fund (USTBL) 10/10, Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT) 10/10, Janus Henderson Anemoy Treasury Fund (JTRSY) 2/10)
Each cell is verified against the provider's filings or the BaFin register; a gap shows "—", never an estimate.
| Provider | Taker fee in Germany | KYC tier | EUR rails | BaFin license |
|---|---|---|---|---|
| #1Spiko US T-Bills Money Market Fund (USTBL) | — | — | — | — |
| #2Fidelity Treasury Digital Fund — OnChain class (FYOXX / FDIT) | — | — | — | — |
| #3Janus Henderson Anemoy Treasury Fund (JTRSY) | — | — | — | — |
| #4BlackRock USD Institutional Digital Liquidity Fund (BUIDL) | — | — | — | — |
| #5Circle USYC (Hashnote International Short Duration Yield Fund Ltd) | — | — | — | — |
Source: ChainChoice provider catalog cross-referenced with the BaFin register; each fee as of its entry's latest verification (accuracy methodology).
Is using a crypto money-market fund legal in Germany?
Yes. Germany regulates crypto-asset service providers under MiCA (EU Regulation 2023/1114), enforced from 30 December 2024. BaFin oversees money-market funds operating in Germany; only providers authorised under MiCA may serve retail clients. Verify any provider against the official register at BaFin Crypto Custody Register.
How is crypto taxed in Germany?
Crypto held over 12 months is tax-free for private investors. Below 12 months, gains are taxed at the personal income rate (up to 45%) only if total annual gains from private sales reach €1,000. Terms you will meet: Spekulationsfrist, the one-year holding period (§ 23(1) no. 2 EStG); Freigrenze, the €1,000 threshold: at €1,000 or more a year, all gains are taxed, not only the part above it (§ 23(3) EStG). Read from § 23 EStG, gesetze-im-internet.de on 27 October 2026. Editorial summary, not tax advice: consult a qualified tax advisor in Germany before filing.
What payment methods work for buying crypto in Germany?
The most common rails for retail onramps in Germany are: SEPA, SEPA Instant, Giropay. Most regulated platforms support at least the first of these. Card payments may incur 2-4% fees vs. ~0.5% for bank transfers.
Are international platforms (Coinbase, Kraken, Binance) available in Germany?
Most major platforms have completed MiCA licensing for the EU and serve Germany via passporting. Availability of specific products (staking, derivatives) may vary by member state — the shortlist above filters by what each platform actually offers to Germany residents.