Blab Crypto
SCRYPT Integrates Franklin Templetons BENJI Token for 24/7 Treasury Liquidity
On June 25 2026, Swiss‑licensed SCRYPT unlocked continuous liquidity by weaving Franklin Templeton’s BENJI token into its own treasury operations.
BENJI is the tokenised share class of Franklin OnChain U.S. Government Money Fund (FOBXX), a money‑market vehicle that invests in short‑term U.S. Treasury securities. The token was issued by one of the world’s largest asset managers, which oversees roughly $1.68 trillion in assets, and represents a pioneering effort in real‑world asset tokenisation.
The core incentive behind the move is the mismatch between crypto’s 24/7 settlement cadence and the T+1 window that applies to traditional money‑market funds. For a digital‑asset firm, cash locked in a conventional fund remains inaccessible outside business hours, while leaving it idle in undeployed crypto exposes the firm to basis risk. A tokenised money‑market fund on blockchain rails bridges that gap, delivering both yield and intraday liquidity without waiting for the next settlement cycle.
"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, co‑founder and chief growth officer at SCRYPT.
Operating under Swiss licensing, SCRYPT is authorised to hold and manage digital assets at an institutional level. The Swiss Financial Market Supervisory Authority (FINMA) has issued guidance on tokenised securities and distributed‑ledger‑based financial instruments, and Swiss law provides a distinct legal basis for the digital‑ledger‑securities category. This regulatory framework makes Switzerland a coherent jurisdiction for treasury arrangements that combine traditional and digital assets.
Testing BENJI internally before offering the model to clients is a deliberate risk‑management strategy. By running operational resilience, liquidity assumptions and regulatory treatment on its own balance sheet, SCRYPT can refine the process before extending it to client mandates. If the firm later opens the model to clients, the Franklin Templeton relationship would shift from a purely infrastructure partnership to a distribution partnership.
The broader tokenisation market has gained institutional momentum over the past 18 months. Several large asset managers, custodians and infrastructure providers have moved from pilots to live deployments. Franklin Templeton’s early involvement – with FOBXX and BENJI – positions it as a key player in the space.
At the time of deployment, SCRYPT became one of the first Swiss‑regulated digital‑asset infrastructure providers to manage internal liquidity through a tokenised money‑market fund issued by a global asset manager. The company did not name other Swiss‑licensed firms that may have pursued similar arrangements.
The integration highlights the practical benefits of tokenised money‑market funds for institutional treasury operations. By holding BENJI, SCRYPT captures yield from U.S. Treasury securities while maintaining full on‑chain control and instant liquidity. The tokenised structure eliminates the need for custodial intermediaries to provide intraday access, reducing operational friction.
Looking ahead, the next phase to watch is whether SCRYPT extends the model to client treasury mandates. If it does, the regulatory and operational template it has built internally could become a commercial product, potentially influencing how other Swiss‑licensed providers structure their treasury solutions.
In summary, SCRYPT’s integration of BENJI on June 25 2026 marks a concrete step toward blending traditional money‑market instruments with blockchain‑based liquidity solutions. The move leverages Swiss regulatory clarity, Franklin Templeton’s established asset‑management pedigree, and the operational advantages of tokenised securities. Whether the model will be rolled out to clients remains to be seen, but the deployment demonstrates a growing trend of institutional treasuries seeking 24/7 on‑chain liquidity.
BENJI is the tokenised share class of Franklin OnChain U.S. Government Money Fund (FOBXX), a money‑market vehicle that invests in short‑term U.S. Treasury securities. The token was issued by one of the world’s largest asset managers, which oversees roughly $1.68 trillion in assets, and represents a pioneering effort in real‑world asset tokenisation.
The core incentive behind the move is the mismatch between crypto’s 24/7 settlement cadence and the T+1 window that applies to traditional money‑market funds. For a digital‑asset firm, cash locked in a conventional fund remains inaccessible outside business hours, while leaving it idle in undeployed crypto exposes the firm to basis risk. A tokenised money‑market fund on blockchain rails bridges that gap, delivering both yield and intraday liquidity without waiting for the next settlement cycle.
"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, co‑founder and chief growth officer at SCRYPT.
Operating under Swiss licensing, SCRYPT is authorised to hold and manage digital assets at an institutional level. The Swiss Financial Market Supervisory Authority (FINMA) has issued guidance on tokenised securities and distributed‑ledger‑based financial instruments, and Swiss law provides a distinct legal basis for the digital‑ledger‑securities category. This regulatory framework makes Switzerland a coherent jurisdiction for treasury arrangements that combine traditional and digital assets.
Testing BENJI internally before offering the model to clients is a deliberate risk‑management strategy. By running operational resilience, liquidity assumptions and regulatory treatment on its own balance sheet, SCRYPT can refine the process before extending it to client mandates. If the firm later opens the model to clients, the Franklin Templeton relationship would shift from a purely infrastructure partnership to a distribution partnership.
The broader tokenisation market has gained institutional momentum over the past 18 months. Several large asset managers, custodians and infrastructure providers have moved from pilots to live deployments. Franklin Templeton’s early involvement – with FOBXX and BENJI – positions it as a key player in the space.
At the time of deployment, SCRYPT became one of the first Swiss‑regulated digital‑asset infrastructure providers to manage internal liquidity through a tokenised money‑market fund issued by a global asset manager. The company did not name other Swiss‑licensed firms that may have pursued similar arrangements.
The integration highlights the practical benefits of tokenised money‑market funds for institutional treasury operations. By holding BENJI, SCRYPT captures yield from U.S. Treasury securities while maintaining full on‑chain control and instant liquidity. The tokenised structure eliminates the need for custodial intermediaries to provide intraday access, reducing operational friction.
Looking ahead, the next phase to watch is whether SCRYPT extends the model to client treasury mandates. If it does, the regulatory and operational template it has built internally could become a commercial product, potentially influencing how other Swiss‑licensed providers structure their treasury solutions.
In summary, SCRYPT’s integration of BENJI on June 25 2026 marks a concrete step toward blending traditional money‑market instruments with blockchain‑based liquidity solutions. The move leverages Swiss regulatory clarity, Franklin Templeton’s established asset‑management pedigree, and the operational advantages of tokenised securities. Whether the model will be rolled out to clients remains to be seen, but the deployment demonstrates a growing trend of institutional treasuries seeking 24/7 on‑chain liquidity.
