Privy and Morpho Power Embedded Finance for Fintechs
$500M+
150+
Every fintech wants to offer yield. Until now, that meant building a lending desk or negotiating bank partnerships.Henri Stern, CEO of Privy
With Morpho integrated directly into Privy's infrastructure, any team can offer onchain yield on user balances from day one, without taking on the complexity or management of liquidity.
The Opportunity
Privy is the leading wallet infrastructure for fintechs. A wide range of products use it to give users a frictionless onchain experience, no crypto expertise required.
But a wallet is increasingly just the entry point. As fintechs bring users onchain, they want to offer them onchain products, starting with earning on the balances they hold. Building a standalone earn feature in-house means more engineering, new counterparties, and new risks for every fintech that attempts it.
The opportunity for Privy was to package onchain earn and ship it through the same API its customers already use. In doing so, Privy moves beyond its origins as wallet infrastructure and becomes financial infrastructure: the place fintechs come not only to bring users onchain, but to offer them financial products once they are there.
The Solution
Privy integrated Morpho directly into its API. Any fintech already using Privy as its wallet layer can now enable earn in user wallets. Balances are supplied into Morpho Vaults, curated by independent risk experts, that allocate across Morpho Markets to earn variable yield from borrowing demand.
No fintech needs to add engineering resources, bootstrap a new lending market, or build a global credit network from scratch. The same integration serves very different businesses across distinct verticals, including:
- Deel, the leading global payroll platform. Contractors hold pay as a dollar-backed balance and, with one tap, opt into rewards powered by Morpho and curated by Sentora, inside the app they already use to get paid.
- Kraken, one of the most trusted centralized exchanges in crypto. Millions of users earn onchain on stablecoins and Bitcoin through Kraken's familiar interface, in vaults curated by Sentora.
- Stablerail, the B2B neobanking stack. Finance teams earn on idle stablecoin balances inside a treasury workflow that meets their existing compliance requirements.
The Results
One single integration with Privy now powers financial products across payroll, exchange, and treasuries, each shipped to a different kind of user without a bespoke build.
- $500M+ in stablecoin and BTC deposits routed through Privy into Morpho from Kraken users
- 150+ countries where Deel contractors can earn on their balance
- Stablerail brings Morpho earn into an audited, compliant treasury workflow for finance teams