Axal, the fintech startup backed by a16z CSX and CMT Digital, has teamed up with MoonPay to launch Axal Yield, a groundbreaking savings tool that enables users worldwide to earn onchain yield effortlessly. Powered by decentralized finance (DeFi) lending and integrated with MoonPay's new Virtual Accounts, Axal Yield combines passive income generation with full user control.

"The vast majority of money on Earth sits idle in cash or low-interest accounts," said Ash Ahmed, founder and CEO of Axal. "Axal puts that capital to work by generating meaningful, passive income while giving users full control of their funds."

Unlike traditional platforms, Axal Yield requires no gas fees, no custodial risks, and no manual intervention. Every deposit spins up a smart account secured by TEE-enforced signing policies and batched execution, ensuring both enterprise-grade automation and robust user asset protection.

To streamline deposits and onboarding, Axal has partnered with MoonPay to integrate Virtual Accounts. When stablecoins like USDC or USDT are sent to these accounts, the funds are automatically routed into Axal's smart yield engine, which allocates capital across a curated set of strategies spanning lending protocols, liquidity pools, and more.