Fireblocks launched on Tuesday a new feature called “Earn,” allowing institutional clients to lend stablecoins through on-chain markets from within its platform, as firms seek new ways to generate yield on idle digital assets.
The company said the product gives institutions native access to lending opportunities through Morpho and Aave, two major decentralized finance protocols, while keeping activity within Fireblocks’ existing security, governance, and approval framework.
Idle Stablecoin Balances in Focus
Fireblocks said the new product is aimed at institutions that often hold large stablecoin balances between deployment cycles, settlement windows, and other operational pauses.
Through Earn, clients can deploy funds into curated on-chain lending strategies powered by Morpho, including a new vault from Sentora, or access Aave’s stablecoin lending markets directly within the Fireblocks platform.
The company said the offering allows institutions to pursue on-chain yield without setting up separate DeFi infrastructure or stepping outside the controls they already use for digital asset operations.
One of the biggest unlocks of on-chain finance is the ability to put money to work every second, never letting it sit idle,” said 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. Every institution on Fireblocks now has access to a revenue line they didn’t have yesterday.
Institutional Push Into DeFi Lending
Fireblocks said Earn will be available across its product suite. For corporate treasury teams, that means access to on-chain lending strategies tied to stablecoin holdings without changing existing operational setups. For firms building financial products on Fireblocks, it means the ability to integrate those lending capabilities into their own applications without maintaining standalone DeFi infrastructure.
The company is positioning the launch as a way to bring another revenue-generating use case into a platform already widely used by institutions handling digital assets, as competition grows to connect traditional finance more directly with blockchain-based markets.
U.S. Debate Intensifies Over Stablecoin Yield
The launch comes as stablecoin use continues to expand among large firms using blockchain-based payments and settlement rails. Fireblocks said it processed $6 trillion in stablecoin transfer volume in 2025, up 300% from a year earlier, across more than 2,400 institutional clients.
Yield-bearing stablecoins are being closely examined in Washington, as discussions about the GENIUS and CLARITY bills raise concerns about whether dollar-pegged tokens should provide returns to holders or use related systems. In that environment, Fireblocks is offering institutions another way to earn on idle stablecoin balances, steering them toward on-chain lending through Morpho and Aave instead of yield attached directly to the stablecoin.
