Fireblocks has launched Earn, a feature that allows institutional clients to route idle stablecoin balances into on-chain lending strategies using Aave and Morpho-powered products. The product debuts with a Sentora-curated vault on Morpho and direct access to Aave’s stablecoin lending markets, and is available now in Early Access for Fireblocks customers.
Earn is aimed at institutions that hold sizable stablecoin balances between settlement windows and deployment cycles and want to earn returns on otherwise idle assets. Fireblocks said it processed $6 trillion in stablecoin transfer volume in 2025 across more than 2,400 institutional clients — a 300% increase year over year.
Fireblocks joins a growing set of platforms providing institutional gateways to decentralized lending, including Aave Horizon, Coinbase Prime, Anchorage Digital, Nexo Institutional and Spark Institutional Lending.
The company did not specify a target yield. Fireblocks emphasized that any returns come from the underlying protocols, will be variable, are not guaranteed, and could be zero.
According to DeFiLlama data cited by Fireblocks, Aave is the largest decentralized lending protocol with $25.9 billion in total value locked (TVL), followed by Morpho with $7.67 billion in TVL.
‘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,’ said Michael Shaulov, CEO and co-founder of Fireblocks.
Fireblocks has been expanding its institutional offerings beyond lending. In October 2025, Fireblocks Trust Company partnered with Galaxy, Bakkt and others to launch a crypto custody framework under the New York Department of Financial Services. On January 7, 2026, Fireblocks acquired crypto accounting platform TRES for $130 million to add tax compliance infrastructure for institutional clients.
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