Swiss digital asset infrastructure provider SCRYPT has integrated Franklin Templeton‘s tokenised money market fund into its internal treasury operations.
The company is using the BENJI token to gain round-the-clock liquidity for its idle cash reserves, reducing its reliance on traditional settlement cycles.
SCRYPT is using the BENJI token, which represents shares in the Franklin OnChain US Government Money Fund (FOBXX).
The integration allows the Swiss-licensed firm to manage its treasury with continuous on-chain access to a yield-bearing asset.
Conventional money market funds typically settle on a T+1 basis and operate within standard banking hours.
This creates a settlement mismatch for digital asset firms that manage liquidity in markets that operate around the clock.
By deploying its idle capital into a tokenised fund, SCRYPT can achieve more immediate liquidity for 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 internal treasuries on tokenised cash rails before offering similar models to their clients.
Featured image credit: Edited by Fintech News Switzerland, based on image by agilimam107 via Magnific
