Fireblocks has launched Earn, a new feature that lets institutional clients deploy idle stablecoin balances into onchain lending strategies through Aave and Morpho.
The company said Wednesday that the product is now available in Early Access for Fireblocks customers. Meanwhile, the move adds a native lending option inside the Fireblocks platform.
It allows firms to use existing approval flows, signing systems, and policy controls while accessing DeFi lending markets. Fireblocks said the goal is to help institutions earn yield on stablecoins that often sit unused between settlement periods and deployment cycles.
The company linked the launch to rising stablecoin activity across its network. Fireblocks stated that it processed $6 trillion in stablecoin transfer volume in 2025, up 300 percent year over year, across more than 2,400 institutional clients.
According to Fireblocks, much of that capital remains idle for short periods, which created demand for a tool that can put those balances to work.
““One of the biggest unlocks of onchain finance is the ability to put money to work every second, never letting it sit idle,”” noted Michael Shaulov, chief executive officer and co-founder of Fireblocks.
He added that institutions can now access onchain lending strategies inside the same system they already use for digital asset operations.
Fireblocks brings DeFi lending into its core platform
Fireblocks built Earn as a native feature instead of a separate product. That structure lets clients access lending strategies without changing their operational setup or adding new DeFi infrastructure.
In addition, corporate treasuries can use the feature to manage stablecoin holdings more efficiently inside their existing workflows.
The product also targets firms that build financial services on top of Fireblocks. Those firms can offer onchain lending access within their applications while relying on Fireblocks for custody, governance, and transaction controls. This setup keeps lending activity within the same platform that handles other digital asset functions.
Fireblocks launched Earn with two core routes. One route gives institutions access to a Sentora-curated vault powered by Morpho.
The other route provides direct access to Aave’s stablecoin lending markets, which Fireblocks described as a major source of onchain liquidity for borrowing and lending.
The company said both routes sit inside the Fireblocks environment. That means institutions can review and approve lending activity under the same control systems they already use for transfers, treasury actions, and internal governance.
Fireblocks framed this as a way to lower operational friction for institutions that want onchain yield.
Aave and Morpho support the first lending options
Aave enters the product as the largest decentralized lending protocol by market share. Fireblocks said Aave accounts for about 60 percent of lending market activity and supports most stablecoin borrowing across DeFi.
DeFiLlama data included in the announcement placed Aave’s total value locked at around $26 billion.
““Aave has demonstrated resilience, transparency, and security across multiple market cycles, driving increased institutional participation,”” stated Stani Kulechov, founder of Aave Labs.
He noted that institutions need reliable access to deep liquidity as they enter the market, and added that the Fireblocks integration gives them that access inside a familiar platform.
Morpho also plays a central role in the launch. Fireblocks said the product includes a curated vault from Sentora that runs on Morpho, which it described as one of the fastest-growing onchain lending networks in DeFi.
DeFiLlama data in the release showed Morpho with $7.63 billion in total value locked.
““Morpho was built to be the open infrastructure layer for institutional onchain lending,”” noted Paul Frambot, co-founder of Morpho.
He added that the curator model gives institutions managed access that fits professional capital requirements, while keeping lending activity inside the workflows they already trust.
Fireblocks targets idle capital and variable onchain yield
Fireblocks said the new product responds to a common treasury problem. Many institutions hold stablecoins for settlements, trading, and operational needs, but those balances often remain unused for periods of time. Earn aims to turn that idle capital into a source of revenue through onchain lending markets.
The company did not provide a target yield for the product. It said returns depend on the underlying protocols and remain variable rather than fixed.
Fireblocks also said yields are not guaranteed and could be zero, which keeps the product tied to market conditions in decentralized lending.
That point places Earn within a growing institutional push toward onchain income products. Fireblocks joins a field that includes Aave Horizon, Coinbase Prime, Anchorage Digital, Nexo Institutional, and Spark Institutional Lending.
Moreover, these platforms all seek to give institutions a more direct path to stablecoin lending without requiring a full DeFi rebuild.
Fireblocks appears to focus on ease of access inside an existing enterprise platform. Instead of asking clients to manage separate systems, the company lets them reach lending markets through a product they already use for custody and asset operations.
Fireblocks expands its institutional product stack
The Earn launch also fits a broader expansion effort at Fireblocks. The company has moved beyond custody and transaction infrastructure into other institutional services over the past year. Those steps show a wider push to serve treasury, compliance, and tokenization needs from one platform.
In October 2025, Fireblocks Trust Company joined Galaxy, Bakkt, and other firms to launch a crypto custody framework under the New York Department of Financial Services.
The company later added accounting and compliance tools through its $130 million acquisition of crypto accounting platform TRES on Jan. 7, 2026.
Fireblocks also widened its reach in tokenized real-world assets. On Jan. 15, 2026, PRYPCO named Fireblocks as its strategic technology and infrastructure provider for the next stage of its real estate tokenization plans.
PRYPCO said Fireblocks would support a regulated and scalable setup for investor asset protection.