SCRYPT, a Swiss-licensed provider of institutional digital asset infrastructure, has made a significant stride in treasury management by integrating BENJI, the tokenised share class of Franklin Templeton's Franklin OnChain U.S. Government Money Fund. This integration, which went live on June 25, 2026, allows SCRYPT to access a yield-bearing instrument from one of the world's largest asset managers, which oversees approximately $1.68 trillion in assets. This development marks SCRYPT as one of the first Swiss-regulated firms to utilize a tokenised money market fund for internal liquidity management, although the company did not disclose other firms that may have undertaken similar initiatives.
The integration addresses a critical gap in the operational dynamics of crypto markets, which operate continuously, compared to the traditional T+1 settlement of money market funds. By leveraging blockchain technology, SCRYPT can now manage its treasury with intraday liquidity, avoiding the risks associated with idle cash in conventional funds. Sylvan Martin, SCRYPT's co-founder and chief growth officer, emphasized that this integration provides the firm with 24/7 access to liquidity, enhancing operational efficiency and risk management.
This move comes amid a growing trend in the tokenisation of real-world assets, with major asset managers and custodians increasingly moving from pilot projects to live implementations. Franklin Templeton has been a trailblazer in this arena, with its FOBXX fund being one of the first to record share ownership on a public blockchain. Notably, SCRYPT's decision to implement this integration for its own treasury before offering it to clients allows the firm to rigorously test the operational and regulatory frameworks, thereby reinforcing its conviction in the product's viability.
Operating under Swiss regulatory oversight, SCRYPT benefits from a legal framework that supports the management of digital assets at an institutional level. The Swiss Financial Market Supervisory Authority has established clear guidelines for the treatment of tokenised securities, making Switzerland a conducive environment for such innovations. The next critical phase will be whether SCRYPT extends this model to its clients, transforming its internal framework into a commercial offering and potentially enhancing its competitive position in the digital asset space.
The integration addresses a critical gap in the operational dynamics of crypto markets, which operate continuously, compared to the traditional T+1 settlement of money market funds. By leveraging blockchain technology, SCRYPT can now manage its treasury with intraday liquidity, avoiding the risks associated with idle cash in conventional funds. Sylvan Martin, SCRYPT's co-founder and chief growth officer, emphasized that this integration provides the firm with 24/7 access to liquidity, enhancing operational efficiency and risk management.
This move comes amid a growing trend in the tokenisation of real-world assets, with major asset managers and custodians increasingly moving from pilot projects to live implementations. Franklin Templeton has been a trailblazer in this arena, with its FOBXX fund being one of the first to record share ownership on a public blockchain. Notably, SCRYPT's decision to implement this integration for its own treasury before offering it to clients allows the firm to rigorously test the operational and regulatory frameworks, thereby reinforcing its conviction in the product's viability.
Operating under Swiss regulatory oversight, SCRYPT benefits from a legal framework that supports the management of digital assets at an institutional level. The Swiss Financial Market Supervisory Authority has established clear guidelines for the treatment of tokenised securities, making Switzerland a conducive environment for such innovations. The next critical phase will be whether SCRYPT extends this model to its clients, transforming its internal framework into a commercial offering and potentially enhancing its competitive position in the digital asset space.
Source: The Fintech Times
