Enterprise digital asset infrastructure platform Fireblocks said Wednesday it has launched Earn, a feature that allows institutional clients to convert stablecoin balances into onchain lending strategies through Aave and Morpho-powered products.
The product will launch with a Sentora-managed vault on Morpho and direct access to Aave’s stablecoin lending markets, Fireblocks said. The company said Earn is now available in Early Access for Fireblocks customers.
Fireblocks said the feature is aimed at customers sitting on large inactive stablecoin balances between settlement windows and deployment cycles. The company said it processed $6 trillion in stablecoin transfer volumes across more than 2,400 institutional clients in 2025, a 300% increase from a year earlier.
Fireblocks is the latest platform to launch an institutional gateway product for decentralized lending, aiming to make idle stablecoin holdings more productive for institutions. Competing solutions for institutional stablecoin lending include Aave Horizon, Coinbase Prime, Anchorage Digital, Nexo Institutional, and Spark Institutional Lending.
Fireblocks has not disclosed a target return. The company said any returns would be generated by the underlying protocols and would be variable, not guaranteed, and could be zero.
Aave is the largest decentralized credit protocol with $25.9 billion in total value (TVL), followed by Morpho with $7.67 billion in TVL, according to DeFiLlama data.
Fireblocks targets inactive stablecoin balances
Fireblocks said most institutional capital sits idle between deployment cycles and settlement windows, which inspired the new Earn product, said Michael Shaulov, CEO and co-founder of Fireblocks.
“For the first time, institutions can put these balances to work through onchain lending strategies put together by established institutional names, within the same platform, under the same controls they already operate,” he said.
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Fireblocks has expanded its institutional services beyond just lending.
In October 2025, Fireblocks Trust Company partnered with Galaxy, Bakkt and others to launch a crypto custody framework operating under the New York Department of Financial Services (NYDFS) to meet rising institutional demand, Cointelegraph reported.
On January 7, 2026, Fireblocks acquired crypto accounting platform TRES for $130 million, tapping its tax compliance infrastructure to support institutions.
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