Key Takeaways
- • Fireblocks processed $6 trillion in stablecoin transfer volume in 2025, representing a 300% year-over-year increase across its 2,400+ institutional clients, which include corporate treasuries, exchanges, fintechs, and payments platforms.
- • Fireblocks Earn provides native access to onchain lending strategies, including curated Morpho Vaults and Aave integrations, enabling institutional customers to generate yield on idle stablecoin balances directly within the Fireblocks platform.
- • Galaxy's staking services are now natively accessible to more than 2,000 of the world's largest financial institutions through the Fireblocks integration, expanding institutional access to DeFi yield opportunities within a regulated custody environment.
- • Stablecoins surpassed the combined transfer volumes of Visa and Mastercard in 2025, moving over $33 trillion in onchain volume, with Fireblocks processing over $200 billion in stablecoin transactions monthly.
- • The Earn product addresses institutional capital inefficiency, enabling institutions to deploy idle stablecoins during settlement windows and operational holds while maintaining Fireblocks' security, governance, and policy controls.
Summary
Fireblocks has launched Earn, a native stablecoin yield product that integrates onchain lending capabilities directly into its institutional custody platform. The new feature allows Fireblocks' 2,400+ institutional clients—including corporate treasuries, exchanges, fintechs, and payments platforms—to generate yield on stablecoin balances by accessing curated lending strategies powered by Morpho Vaults and Aave. This integration represents a significant expansion of Fireblocks' service offering, extending beyond custody and settlement into yield generation for institutions managing large stablecoin portfolios.
The scale of Fireblocks' stablecoin business underscores the commercial opportunity. In 2025, Fireblocks processed $6 trillion in stablecoin transfer volume, a 300% year-over-year increase. The firm now processes over $200 billion in stablecoin transactions monthly. This growth reflects the broader institutional adoption of stablecoins, which in 2025 surpassed the combined transfer volumes of Visa and Mastercard for the second consecutive year, moving over $33 trillion in total onchain volume. Yet despite this massive transaction flow, much institutional capital sits idle between deployment cycles and settlement windows—a liquidity inefficiency that Earn is designed to address.
The Earn product maintains Fireblocks' institutional-grade infrastructure, allowing customers to access yield opportunities while retaining familiar approval workflows, transaction signing, position tracking, and the platform's security and governance controls. Galaxy's integration expands access to institutional staking services across the Fireblocks network to more than 2,000 of the world's largest financial institutions. Each lending strategy available through Earn defines its own collateral parameters, allocation strategies, and risk management protocols, enabling institutions to select opportunities aligned with their specific investment mandates and risk tolerance.
This launch addresses a structural gap in institutional crypto infrastructure. Until now, institutions lacked the governance frameworks and integrated tools necessary to responsibly deploy stablecoins into yield-generating protocols without significant operational friction. By embedding yield access directly into the Fireblocks platform, the company eliminates six months of development overhead, allowing institutions to access DeFi opportunities on a plug-and-play basis while maintaining custody and compliance standards required for regulated entities.
The scale of Fireblocks' stablecoin business underscores the commercial opportunity. In 2025, Fireblocks processed $6 trillion in stablecoin transfer volume, a 300% year-over-year increase. The firm now processes over $200 billion in stablecoin transactions monthly. This growth reflects the broader institutional adoption of stablecoins, which in 2025 surpassed the combined transfer volumes of Visa and Mastercard for the second consecutive year, moving over $33 trillion in total onchain volume. Yet despite this massive transaction flow, much institutional capital sits idle between deployment cycles and settlement windows—a liquidity inefficiency that Earn is designed to address.
The Earn product maintains Fireblocks' institutional-grade infrastructure, allowing customers to access yield opportunities while retaining familiar approval workflows, transaction signing, position tracking, and the platform's security and governance controls. Galaxy's integration expands access to institutional staking services across the Fireblocks network to more than 2,000 of the world's largest financial institutions. Each lending strategy available through Earn defines its own collateral parameters, allocation strategies, and risk management protocols, enabling institutions to select opportunities aligned with their specific investment mandates and risk tolerance.
This launch addresses a structural gap in institutional crypto infrastructure. Until now, institutions lacked the governance frameworks and integrated tools necessary to responsibly deploy stablecoins into yield-generating protocols without significant operational friction. By embedding yield access directly into the Fireblocks platform, the company eliminates six months of development overhead, allowing institutions to access DeFi opportunities on a plug-and-play basis while maintaining custody and compliance standards required for regulated entities.
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