SCRYPT Puts Franklin Templeton's BENJI Token in Its Treasury

Swiss digital asset infrastructure provider SCRYPT has started using Franklin Templeton's tokenised money market fund for its own cash management. The company holds idle reserves in the BENJI token, which represents shares in the Franklin OnChain US Government Money Fund (FOBXX).

Conventional money market funds settle on a T+1 basis and operate within standard banking hours. That creates a mismatch for digital asset firms that manage liquidity in markets running 24/7. By deploying idle capital into a tokenised fund, SCRYPT gets more immediate access to its treasury.

The firm executes these transactions on the same institutional infrastructure it uses for trading, settlement, and custody. “Integrating BENJI into SCRYPT’s treasury gives us 24/7 intraday liquidity in a tokenised money market fund issued by one of the world’s most established asset managers,” said Sylvan Martin, Founder and Chief Growth Officer at SCRYPT.

The deployment shows how regulated counterparties are placing their own treasuries on tokenised cash rails before offering similar models to clients. SCRYPT is licensed in Switzerland and operates under FINMA oversight.