Crypto Wallet Infrastructure Provider Turnkey Expands Into Swaps and Earn

HIGHLIGHTS Turnkey launches Swaps and Earn, expanding its crypto wallet infrastructure into in-app trading and onchain lending. Swaps covers 10 networks, while Earn provides access to lending vaults across eight networks through Aave and Morpho. Turnkey has surpassed $200 billion in stablecoin transaction volume, adding scale to its push into monetizable onchain activity The crypto wallet infrastructure provider Turnkey has announced two major additions in its infra capabilities. It is now expanding beyond just allowing wallet creation and transaction signing with the launch of Swaps and Earn.

The launch targets wallet providers and crypto applications looking to embed trading, yield and other financial services directly into their products.
Turnkey said its new products are designed for businesses that want to add trading and yield functionality without building the underlying infrastructure themselves. It targets wallet providers and crypto applications as crypto wallets expand into trading, payments, DeFi and other financial applications rather than simply tools for holding private keys.
The company has already processed more than $200 billion in stablecoin transaction volume, according to its latest disclosure. This gives the new products an existing transaction infrastructure on which to build.

Turnkey Adds Swaps and Earn Infrastructure
The Swaps product allows Turnkey customers to embed crypto trading directly into their applications. Rather than directing users to an external exchange or decentralized application, businesses can now provide the swap experience within their own interfaces.

Turnkey handles quote aggregation, routing and transaction execution through its infrastructure. But is allows businesses to determine the fee they charge to users.
As per its blog, the offering covers multiple blockchain networks, including Ethereum, Base, Arbitrum, Polygon, BNB Chain, Optimism, Monad and Solana. It is also expected to expand to more networks soon.

How the Products Can Help in Revenue Generation
Turnkeys second product, Earn, will allow businesses to offer users access to onchain yield opportunities through integrated vaults.
The product connects with DeFi protocols including Aave and Morpho. Turnkey manages the infrastructure for discovering vaults, depositing assets and processing withdrawals.
For Turnkey customers, the opportunity is not limited to offering yield. The infrastructure allows businesses to take a share of the yield generated through users deposits. It creates a recurring revenue stream tied to assets flowing through their applications.
Turnkeys Earn launch comes as the underlying onchain lending market scales rapidly. Aave, one of the protocols supported through Turnkeys Earn infrastructure, V4  reached a record $100 in deposits within few days of launch. Morpho also is currently generating about $17.65 million in monthly fees, or more than $205 million on an annualized basis.

$23.9B of stablecoins is deposited across 37 DeFi venues

Aave V3 and Morpho Blue account for 64.3% of the total, or ~$15.4B

Stablecoin growth directly expands the addressable market for onchain lending pic.twitter.com/gZOIrrMg9u

— Token Terminal 📊 (@tokenterminal) September 12, 2026

Visa has also recently expanded its own onchain credit initiatives.
The development comes as DeFi continues to move toward more accessible, embedded experiences. Instead of requiring users to understand separate protocols, wallets and interfaces, Turnkey is packaging those functions into APIs that businesses can integrate into their own products. The company is now expanding its role from the underlying wallet layer into the financial activity taking place after a wallet has been created.