FOBXX is a 1940 Act money-market fund with $813.5M net assets and a 3.54% 7-day effective yield, so SCRYPT is plugging regulated cash yield into the same stack it uses for crypto settlement. The useful test is operational: can a Swiss desk treat BENJI like collateral at 2 a.m. without breaking custody, whitelisting, or compliance controls? If yes, tokenized T-bills move from passive RWA TVL into repo, margin, and OTC settlement workflows.

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