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SCRYPT Adopts Franklin Templeton's BENJI Token to Run Its Own Treasury as Tokenised Fund Assets Hit $2.5 Billion

  • Writer: Shawn Jhanji
    Shawn Jhanji
  • Jul 21
  • 3 min read
SCRYPT, a Swiss licensed institutional digital asset infrastructure provider, has begun using Franklin Templeton's BENJI token, the tokenised share class of the Franklin OnChain U.S. Government Money Fund, to manage its own treasury operations. The move gives SCRYPT round the clock, on chain access to a yield bearing money market fund issued by one of the world's largest asset managers, addressing a problem that has quietly limited digital asset firms since the sector began: conventional money market funds settle on a one day lag and operate within banking hours, while the businesses now holding digital assets need to manage liquidity every hour of every day. For UK founders and investors watching how tokenisation infrastructure matures, SCRYPT's move is a useful signal precisely because it is unglamorous. This is not a product launch aimed at retail customers or a headline grabbing institutional pilot. It is a regulated digital asset firm choosing to run its own balance sheet on tokenised rails because the operational case, not the ideological one, now stacks up. SCRYPT operates under Swiss licensing, which gives digital ledger technology securities a distinct legal basis, and the firm's decision to become one of the first Swiss licensed institutional providers to hold a global asset manager's tokenised fund for its own treasury suggests the efficiency argument for tokenisation is starting to convince the people who build the infrastructure, not just the people selling it. The scale behind BENJI reinforces the point. Franklin Templeton's tokenised fund has grown from roughly 594 million dollars in assets in January 2026 to more than 2.5 billion dollars by July, a pace of growth that puts it ahead of most comparable products in the sector. That growth has been driven overwhelmingly by institutions choosing tokenised money market exposure for treasury and collateral management rather than by retail demand, which is exactly the use case UK platforms and advisers pursuing the FCA's Digital Securities Sandbox are trying to prove out domestically. Britain does not yet have a domestic equivalent of BENJI trading at scale, but the underlying mechanics SCRYPT is using, tokenised claims on a regulated fund that settle continuously rather than on T+1, ar

SCRYPT, a Swiss licensed institutional digital asset infrastructure provider, has begun using Franklin Templeton's BENJI token, the tokenised share class of the Franklin OnChain U.S. Government Money Fund, to manage its own treasury operations.


The move gives SCRYPT round the clock, on chain access to a yield bearing money market fund issued by one of the world's largest asset managers, addressing a problem that has quietly limited digital asset firms since the sector began: conventional money market funds settle on a one day lag and operate within banking hours, while the businesses now holding digital assets need to manage liquidity every hour of every day.


For UK founders and investors watching how tokenisation infrastructure matures, SCRYPT's move is a useful signal precisely because it is unglamorous. This is not a product launch aimed at retail customers or a headline grabbing institutional pilot. It is a regulated digital asset firm choosing to run its own balance sheet on tokenised rails because the operational case, not the ideological one, now stacks up. SCRYPT operates under Swiss licensing, which gives digital ledger technology securities a distinct legal basis, and the firm's decision to become one of the first Swiss licensed institutional providers to hold a global asset manager's tokenised fund for its own treasury suggests the efficiency argument for tokenisation is starting to convince the people who build the infrastructure, not just the people selling it.


The scale behind BENJI reinforces the point. Franklin Templeton's tokenised fund has grown from roughly 594 million dollars in assets in January 2026 to more than 2.5 billion dollars by July, a pace of growth that puts it ahead of most comparable products in the sector. That growth has been driven overwhelmingly by institutions choosing tokenised money market exposure for treasury and collateral management rather than by retail demand, which is exactly the use case UK platforms and advisers pursuing the FCA's Digital Securities Sandbox are trying to prove out domestically.


Britain does not yet have a domestic equivalent of BENJI trading at scale, but the underlying mechanics SCRYPT is using, tokenised claims on a regulated fund that settle continuously rather than on T+1, are the same mechanics UK infrastructure providers and law firms are working through inside the Digital Securities Sandbox and the government's newly formed tokenisation taskforce.


Watching where institutional treasury demand actually lands, rather than where pilots are announced, is one of the clearer ways to judge whether tokenisation is solving a real operational problem or simply repackaging an existing one.


Key Takeaways


  • SCRYPT, a Swiss licensed digital asset infrastructure provider, is using Franklin Templeton's BENJI token to manage its own treasury, giving it continuous access to a yield bearing money market fund rather than one constrained by banking hours and T+1 settlement.

  • BENJI's assets have grown from about 594 million dollars in January 2026 to more than 2.5 billion dollars by July, among the fastest growth rates of any tokenised fund.

  • The case here is operational rather than promotional: a regulated firm choosing tokenised infrastructure to run its own balance sheet, a different and arguably stronger signal than another institutional pilot announcement.

  • For UK observers, the read across is to the FCA's Digital Securities Sandbox and the government's tokenisation taskforce, both trying to prove the same continuous settlement case domestically.


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