SCRYPT integrates Franklin Templeton’s tokenised MMF
26 June Swtizerland
Image: Scanrail/stock.adobe.com
SCRYPT, a Swiss-licensed provider of institutional digital asset infrastructure, has integrated BENJI, Franklin Templeton’s US-registered tokenised money market fund (MMF), in a bid to optimise and manage its treasury operations.
The firm will gain 24/7 onchain access to the yield-bearing tokenised fund, with the collaboration combining Franklin Templeton’s asset management and tokenisation capabilities with the institutional-grade trading and custody infrastructure of SCRYPT.
The companies say their partnership is indicative of the convergence of TradFi and digital asset markets.
Commenting on the integration, Sylvan Martin, founder and chief growth officer at SCRYPT, says: “We built SCRYPT’s bespoke investment strategies to be the regulated bridge between traditional finance and on-chain markets.
“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.”
The firm will gain 24/7 onchain access to the yield-bearing tokenised fund, with the collaboration combining Franklin Templeton’s asset management and tokenisation capabilities with the institutional-grade trading and custody infrastructure of SCRYPT.
The companies say their partnership is indicative of the convergence of TradFi and digital asset markets.
Commenting on the integration, Sylvan Martin, founder and chief growth officer at SCRYPT, says: “We built SCRYPT’s bespoke investment strategies to be the regulated bridge between traditional finance and on-chain markets.
“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.”
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