Confidential
Native Markets × Fireblocks
The opportunity
Together, we can build and distribute a streamlined treasury management product that vastly improves three key treasury activities: hedging, payments, and cash management.
Hyperliquid and its native stablecoin, USDH, have proven there's demand for traditional asset class perpetual futures, free, fast stablecoin transfers, and yield generation within a performant and growing ecosystem. Coupled with Fireblocks' custody infrastructure and brand affinity, our companies can build a first rate product that serves Fireblocks' existing client base and captures significant portion of the institutional and enterprise addressable market.
Core product pillars
Native Treasury with Fireblocks can be a central hub for any corporate treasurer seeking cashflow stability, global, 24/7 payments, and seamless operations.
Hedge
Manage risk and stabilize cashflows with one click
- Access to liquid FX markets with some of the lowest fees in crypto
- Respond to news after hours or on the weekends with always-on blockchain markets
Payments
Make and accept payments: free, 24/7, globally
- Zero-fee, gasless payments on Hyperliquid
- 24/7, global access to serve every customer
Earn
Automatic, continuous, competitive yield on resting balances
- Competitive rates vs. money market funds with near-zero risk
- Opt-in to automatic cash sweeps so idle cash is always earning
Extensive functionality, one API
We simplify the complexity of Hyperliquid and perpetual futures, you deliver value to the user. The Native Treasury API abstracts everything related to Hyperliquid, perps, diligence, and data into a single interface for your engineering team.
Native Treasury with Fireblocks
Distribute and monetize past existing customer base
| Channel | Target Customers | Distribution Strategy | Monetization Paths |
|---|---|---|---|
| Existing Fireblocks Customers (B2B/API) | Existing Fireblocks institutional and enterprise customers | Single API to access all "USDH functionality" in platform. Identify target clients to build around and construct case studies relevant for their industry sub-sector. | Transaction/builder code fees on any HL trading. Fireblocks surcharge for payments functionality. |
| Institutional (B2B or B2B2B) | Sell institutions on working within Fireblocks platform or create white label solution for institutional distributors (i.e., foreign bank) to offer to their SME customers | Concentrated BD and sales effort to target banks, exchanges, funds and asset managers. Custom integration support and white-glove onboarding for anchor clients (2-3 in pilot phase). | Transaction/builder code fees on any HL trading. Subscription model for institutional API or distribution partners. Integration fees for white label solution. Usage-based pricing. |
| Enterprise (B2B or B2B2B) | Sell SME and larger enterprises on using product suite or create white label solution | Leverage treasury advisors and accounting firms to distribute to SME + mid-cap corporates. Custom integration support and white-glove onboarding for anchor clients (2-3 in pilot phase). | Transaction/builder code fees on any HL trading. Subscription model for enterprise API. Integration fees for white label solution. Usage-based pricing. |
| Consumer (B2C or B2B2C) | Retail distribution endpoints or direct to "protail" consumer | Self-serve API or consumer friendly interface / mobile app. API integrated into retail distribution points. | Transaction/builder code fees on any HL trading. Subscription model for consumer API or retail partners. Revenue share on earn income. |
MoneyGram use case
MoneyGram is the clearest near-term beneficiary of Native Treasury with Fireblocks. MoneyGram operates 20,000+ corridors across 200+ countries, serves 50mm+ customers annually, and has publicly committed to stablecoin-based settlement as the backbone of its next-generation platform. Its December 2025 partnership with Fireblocks already established the programmable settlement layer. USDH completes the stack.
| Treasury Function | MoneyGram Today | Native Treasury with Fireblocks |
|---|---|---|
| Settlement asset | Fiat, takes days or weeks to settle. High fees. USDC: mint/redeem fees. | USDH: GENIUS Act-compliant, zero mint or redeem fees, sub-second finality on Hyperliquid |
| Pre-funding model | Capital trapped in nostro accounts and USDC pools across 20,000 corridors; idle balances earn nothing | Resting balances sweep into an Earn venue, turning trapped capital into a P&L contributor |
| FX & hedging | No native FX hedging; exposure to COP, MXN, and other EM currencies managed off-platform or left unhedged | One-click FX hedges on deep, 24/7 Hyperliquid markets directly from the Fireblocks console |
| Settlement layer | Stellar: consumer-grade rails, limited programmability and liquidity | Hyperliquid: institutional-grade matching, sub-second finality, programmable treasury primitives |
| Yield on float | Idle USDC is manually deployed for yield generation at the treasury layer | Opt-in automatic sweeps route idle balances into competitive yield venues with near-MMF risk profiles |
| Infrastructure fit | Multi-vendor stack: Circle, Stellar, Crossmint, plus existing Fireblocks custody | Single programmable settlement layer under one operational surface |
Partner with Native Markets
As the Hyperliquid Native Stablecoin, USDH is the simplest and cheapest way to package free payments, always-on perpetual futures markets, and competitive yield into a single API. Native Markets' backend infrastructure abstracts away the novelty and sharp edge cases on Hyperliquid, and integrated go-to-market makes blockchain finance comprehensible to every one of your customers.
Native API and comprehensive integration support
Simple but expressive API to abstract any underlying complexity. Dedicated integration and testing support for your engineering teams.
Co-branded materials
One-pagers, webinar decks, and FAQ docs for your client-facing teams.
Joint client activation and go-to-market
Co-hosted webinars, institutional dinners, and joint calls during the ramp period.
Dedicated partnership contact
MC Lader, CEO and co-founder. MC led institutional growth at Uniswap as President and COO, where she shipped the Fireblocks-Uniswap institutional DeFi liquidity partnership directly with your team.
Partnership structure
Native Treasury with Fireblocks can position Fireblocks as a full-service enterprise treasury solution for a business's entire balance sheet, not just its cryptoassets.
- Strategic investment in Native Markets' upcoming fundraise
- Native Markets acquires XXbps of Fireblocks equity (grant)
- 50/50 split on any Hyperliquid trading fees or DeFi use fees (e.g., Morpho vault management fees)
We're ready to build
Here's how we make Native Treasury with Fireblocks live for your clients: