Fireblocks unveils new yield generation platform for institutional stablecoin holdings
The digital asset infrastructure provider Fireblocks introduced Earn, a new product enabling institutions to access stablecoin lending opportunities through Aave and Morpho as companies look to generate returns on dormant holdings.
On Wednesday, Fireblocks, a digital asset infrastructure platform serving enterprise clients, announced the introduction of Earn, a new capability designed to enable institutional customers to channel their stablecoin holdings into onchain lending strategies utilizing products powered by Aave and Morpho.
According to Fireblocks, the product is being introduced with access to a Morpho vault curated by Sentora alongside direct connectivity to stablecoin lending markets provided by Aave. The firm stated that Earn is currently accessible through Early Access for existing Fireblocks customers.
The new feature targets customers who maintain substantial dormant stablecoin balances during periods between settlement windows and deployment cycles, Fireblocks explained. The platform revealed it handled $6 trillion in stablecoin transfer volume throughout 2025 serving more than 2,400 institutional customers, representing a 300% increase compared to the previous year.
The company represents the most recent platform to introduce an institutional gateway product focused on decentralized lending, with the goal of enabling institutions to make their dormant stablecoin reserves more productive. Alternative platforms offering institutional stablecoin lending capabilities include Aave Horizon, Coinbase Prime, Anchorage Digital, Nexo Institutional and Spark Institutional Lending.
A specific target yield was not revealed by Fireblocks. The platform indicated that all returns would be produced by the underlying protocols and would be variable rather than guaranteed, with the possibility of zero returns.
With $25.9 billion in total value locked (TVL), Aave holds the position as the largest decentralized lending protocol, while Morpho ranks second with $7.67 billion in TVL, based on data from DeFiLlama.
Fireblocks targets idle stablecoin balances
The majority of institutional capital remains dormant during periods between deployment cycles and settlement windows, which served as the inspiration behind the new Earn product, stated 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,"
Michael Shaulov, CEO and co-founder of Fireblocks
Beyond just lending, Fireblocks has been broadening its suite of institutional services.
As reported by Cointelegraph, Fireblocks Trust Company partnered with Galaxy, Bakkt, and other entities in October 2025 to introduce a crypto custody framework that operates under the oversight of the New York Department of Financial Services (NYDFS) in response to rising institutional demand.
Fireblocks completed the acquisition of TRES, a crypto accounting platform, for $130 million on Jan. 7, 2026, leveraging the company's tax compliance infrastructure capabilities to provide support for institutional clients.