The product targets institutional clients sitting on large stablecoin balances between active deployment cycles and settlement windows.
Crypto News
Fireblocks announced the launch of a product called Earn on Wednesday. The product allows institutional clients to put idle stablecoin balances into on-chain lending strategies. It connects those balances to markets powered by Aave and Morpho.
Earn launches with two entry points for institutional clients. The first is a Sentora-curated vault built on the Morpho protocol. The second is direct access to Aave's stablecoin lending markets. Fireblocks said the product is currently in Early Access for existing customers.
The product targets institutional clients sitting on large stablecoin balances between active deployment cycles and settlement windows. Fireblocks processed $6 trillion in stablecoin transfer volume in 2025. That figure represents a 300% increase from the prior year, across more than 2,400 institutional clients.
Michael Shaulov, CEO and co-founder of Fireblocks, said the product fills a gap in how institutions manage idle capital. "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.
A Fireblocks spokesperson said the company has observed strong demand from institutional clients for curated stablecoin lending options. The spokesperson added that institutions view lending as a path toward broader on-chain exposure, including positions in tokenized assets.
Fireblocks did not specify a target yield for the product. The company said returns would come from the underlying protocols and would vary depending on market conditions. It also stated that returns are not guaranteed and could be zero.
The platform enters a field that already includes several competing services. Existing institutional stablecoin lending options include Aave Horizon, Coinbase Prime, Anchorage Digital, Nexo Institutional and Spark Institutional Lending. AAVE is the largest decentralized lending protocol by total value locked, at $25.9 billion, followed by Morpho at $7.67 billion, according to DeFiLlama.
Fireblocks has been expanding its institutional product range over the past year. In October 2025, Fireblocks Trust Company partnered with Galaxy, Bakkt, and others to launch a crypto custody framework regulated by the New York Department of Financial Services. On Jan. 7, 2026, the company acquired TRES, a crypto accounting platform, for $130 million to support institutions with tax compliance infrastructure..
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