SCRYPT, a Swiss-licensed institutional digital asset infrastructure provider, has integrated Franklin Templeton's BENJI into its treasury operations. BENJI is a tokenized share of the Franklin OnChain U.S. Government Money Fund (FOBXX), which holds short-duration Treasury securities and cash equivalents.
The integration positions SCRYPT among the first Swiss-licensed digital asset infrastructure firms to operationalize a tokenized money market fund from a major asset manager. The move signals incremental acceptance of tokenized traditional finance instruments within regulated institutional workflows in Switzerland.
Switzerland's regulatory framework for digital assets, overseen by FINMA, has attracted firms building infrastructure for tokenized securities and funds. SCRYPT's adoption of BENJI reflects both Franklin Templeton's expansion into on-chain treasury products and the growing availability of compliant tokenized alternatives to cash.
The specific operational gains SCRYPT expects from the integration remain undisclosed in available statements. Treasury management use cases for tokenized funds typically emphasize custody simplicity and settlement efficiency, though neither is unique to blockchain deployments.