Fireblocks has launched a new “Earn” feature for its institutional clients, enabling them to deploy idle stablecoin balances into onchain lending strategies. The product, available in Early Access, connects users to curated vaults on Morpho and direct markets on Aave. This move targets institutions seeking to generate yield from capital between settlement cycles, joining a competitive field of similar services from other major platforms.
Fireblocks announced the launch of Earn on Wednesday. This feature allows institutional clients to route stablecoin balances into onchain lending strategies through products powered by Aave and Morpho.
The product launches with a vault curated by Sentora on Morpho and direct access to Aave’s stablecoin lending markets, according to Fireblocks.
Earn is available now in Early Access for Fireblocks customers. The feature is aimed at clients with large idle stablecoin balances between settlement windows and deployment cycles.
The company processed $6 trillion in stablecoin transfer volume in 2025 across more than 2,400 institutional clients. This volume was up 300% from a year earlier.
Fireblocks is the latest platform launching an institutional gateway product for decentralized lending. Competing solutions include Aave Horizon, Coinbase Prime, Anchorage Digital, Nexo Institutional and Spark Institutional Lending.
The company did not disclose a target yield. Any returns would be generated by the underlying protocols and would be variable, not guaranteed.
According to DeFiLlama data, Aave is the largest decentralized lending protocol with $25.9 billion in total value locked. Morpho follows with $7.67 billion in TVL.
Fireblocks said most institutional capital sits idle between deployment cycles and settlement windows. This idle capital inspired the new Earn product, according to Michael Shaulov, CEO and co-founder of Fireblocks.
“For the first time, institutions can put those balances to work through onchain lending strategies curated by established institutional names, inside the same platform, under the same controls they already run,” he said.
Fireblocks has been expanding its institutional services beyond just lending. In October 2025, Fireblocks Trust Company teamed up with Galaxy, Bakkt, and others to launch a crypto custody framework under the New York Department of Financial Services.
On Jan. 7, 2026, Fireblocks acquired crypto accounting platform TRES for $130 million. The acquisition tapped the company for its tax compliance infrastructure to support institutions.
