SCRYPT Integrates Franklin Templeton’s BENJI on its Swiss-Licensed Infrastructure

Zurich, June 25: SCRYPT, the Swiss-licensed institutional digital asset infrastructure provider, has integrated Franklin Templeton’s BENJI, the tokenized share of the Franklin OnChain U.S. Government Money Fund  to optimise and manage its treasury operations. 

The deployment positions SCRYPT among the first Swiss-licensed institutional digital asset infrastructure providers to use a tokenised money market fund issued by a global asset manager for its own internal treasury management. The implementation provides SCRYPT with 24/7, on-chain access to a yield-bearing tokenised money market fund issued by Franklin Templeton. With approximately USD 1.68 trillion in assets under management, Franklin Templeton is one of the world’s largest asset managers and a leading innovator in blockchain-based financial infrastructure.

The integration pairs Franklin Templeton’s global asset management and tokenization expertise with SCRYPT’s Swiss-licensed, institutional-grade trading and custody infrastructure. It serves as one of the clearer demonstrations of how traditional finance and digital asset markets are converging in practice, with a regulated counterparty putting its own treasury on tokenised cash rails before extending the model to clients.

“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.” – Sylvan Martin, Founder & CGO, SCRYPT

Crypto markets operate continuously. Traditional money market funds do not. Conventional funds typically settle on T+1 and are constrained by banking-hour market infrastructure, creating a structural mismatch for digital asset firms managing liquidity in real time. With BENJI, SCRYPT is able to deploy idle treasury into a tokenised money market fund with immediate liquidity, operating on the same institutional-grade infrastructure it already uses for trading, settlement, and custody services. 

India–Saudi Arabia Talks Focus on Boosting Ties and Supporting Diaspora

June 25: India and Saudi Arabia have held discussions aimed at strengthening bilateral relations and addressing issues concerning the Indian diaspora living in the Kingdom.

The talks focused on enhancing cooperation across key areas including trade, investment, energy, labour mobility, and people-to-people ties. Both sides reaffirmed their commitment to deepening the longstanding strategic partnership between the two countries.

Special attention was given to matters related to the welfare and safety of the Indian community in Saudi Arabia. Officials discussed ways to improve support mechanisms and ensure smoother resolution of consular and employment-related issues faced by expatriates.

The two countries also explored opportunities to expand collaboration in emerging sectors, while building on their strong energy partnership and growing economic engagement.

Officials noted that India and Saudi Arabia share a robust and evolving relationship, supported by regular high-level exchanges and mutual interests in regional stability and economic growth.

The discussions reflect continued efforts by both nations to strengthen diplomatic ties and enhance cooperation for mutual benefit.

PM Modi to Visit Seychelles for Golden Jubilee Celebrations of National Day

June 25: Prime Minister Narendra Modi is scheduled to visit Seychelles to attend the Golden Jubilee celebrations of the country’s National Day, marking an important milestone in India–Seychelles bilateral relations.

The visit is expected to further strengthen diplomatic ties between the two nations and reinforce ongoing cooperation in areas such as maritime security, trade, development partnership, and regional stability in the Indian Ocean region.

During the visit, the Prime Minister will participate in official commemorative events and hold discussions with the leadership of Seychelles on ways to expand and deepen bilateral engagement. The two sides are also expected to review progress in existing partnerships and explore new avenues of collaboration.

Officials note that India and Seychelles share long-standing and friendly relations built on mutual trust, shared democratic values, and close maritime connectivity. The visit underscores India’s continued commitment to strengthening ties with Indian Ocean island nations and enhancing regional cooperation.

The Golden Jubilee celebrations of Seychelles’ National Day mark 50 years of the country’s national journey, and India’s participation highlights the importance it places on its partnership with Seychelles.

The visit is expected to add further momentum to bilateral relations and support broader cooperation in the Indian Ocean regio

India Monitoring 1,987 Major Infrastructure Projects Across Key Sectors

June 25: The Government of India is currently monitoring 1,987 ongoing infrastructure projects with a total investment value of approximately ₹42.50 lakh crore, reflecting the country’s large-scale focus on infrastructure-led development.

The initiative aims to ensure timely execution, improved efficiency, and better coordination across various infrastructure sectors, including transport, energy, urban development, and logistics. Regular monitoring is being carried out to address delays, resolve implementation challenges, and enhance project delivery outcomes.

Officials noted that infrastructure development remains a key priority for the government, as it plays a crucial role in driving economic growth, generating employment, and improving connectivity across regions. The large number of ongoing projects highlights the scale and ambition of India’s long-term development strategy.

According to available details, the monitoring framework is designed to strengthen accountability and ensure that projects progress as planned. This is expected to help reduce cost overruns and improve overall implementation efficiency.

Experts believe that successful execution of such large-scale infrastructure projects will significantly contribute to India’s economic expansion and support its long-term growth trajectory. Improved infrastructure is also expected to boost industrial activity and enhance ease of living for citizens.

The statement reinforces the government’s continued emphasis on infrastructure development as a key pillar of national economic progress.

ACPET and Tata Power-DDL Partner to Accelerate Research and Innovation for India’s Energy Transition

New Delhi, June 25: The Ashoka Centre for a People-centric Energy Transition (ACPET) and Tata Power Delhi Distribution Limited (Tata Power–DDL) have signed a five-year Memorandum of Understanding (MoU) to advance research, innovation, and capacity building in the domain of the energy and power sector, and to create innovative solutions to support India’s overall energy transition.  

The partnership brings together ACPET’s expertise in research, data analysis, energy policy, and sustainable transitions with Tata Power–DDL’s operational experience as one of India’s leading power distribution entities. Through this collaboration, the two organisations will jointly undertake research, technology demonstrations, policy engagement, and knowledge-sharing initiatives to build a more sustainable, secure, and equitable energy future. 

The collaboration comes at a critical time for India’s power sector, which is witnessing rapid technological and regulatory transformation. The expansion of renewable energy, rising electricity demand, rising consumer expectations, and the need for resilient, low-carbon infrastructure require closer collaboration between academia and industry. Emerging areas such as smart grids, electric vehicles, distributed energy resources, energy storage, demand-side management, and consumer engagement require new knowledge, practical insights, and opportunities for testing and demonstrating innovative approaches. This MoU creates a structured platform through which ACPET and Tata Power–DDL can jointly explore these opportunities and contribute to advancing industry knowledge and best practices. 

As part of the collaboration, ACPET and Tata Power–DDL will jointly pursue research, innovation, customer engagement and capacity-building initiatives aimed at advancing India’s energy transition.  The partnership will focus on undertaking research projects, developing policy briefs and technical reports, and generating evidence-based insights to inform industry practices and policymaking. 

The collaboration will focus on joint research and learning in emerging areas such as smart grids, electric vehicles, distributed energy resources, energy storage, demand-side management, and design innovative regulatory and business models. The partners will also undertake technology demonstrations, organise expert dialogues and training programmes, facilitate knowledge exchange, and explore the establishment of a Centre of Excellence to drive innovation and strengthen institutional capabilities in the power sector. 

Commenting on the partnership, Dr. Praveer Sinha, CEO & Managing Director, Tata Power, said, “India’s energy transition presents a unique opportunity to bring together research, policy, innovation and real-world implementation. As the sector evolves over the coming years, meaningful progress will depend on stronger collaboration between academia, industry, policymakers, startups and innovators. This partnership between Tata Power‘s distribution arm in Delhi and ACPET creates a unique platform that combines academic rigour, policy expertise and industry experience to address emerging energy challenges and develop practical, scalable solutions for the power sector.” 

Vaibhav Chowdhary, Director, ACPET, said, “Technology alone will not deliver India’s energy transition – the human capacity to deploy, operate, and innovate around that technology is equally decisive. This partnership between Tata Power–DDL and ACPET brings together operational depth and research rigour to address both. Our shared goal is to co-create an energy system that is empirically grounded, practically tested, and designed to be sustainable, secure, and equitable for India and the Global South.” 

Rakesh Kacker, Senior Advisor, ACPET, said, “India’s electricity sector is undergoing a profound transformation. We want renewable energy to scale rapidly, but we also recognise that transitions of this magnitude are shaped by historical realities, market dynamics, and technological constraints. This is where a collaboration between ACPET and Tata Power can be especially powerful. ACPET brings academic rigour and robust analytical tools, while Tata Power contributes invaluable insights from implementation on the ground. Together, we can bridge evidence and practice to shape more effective pathways for India’s energy transition.” 

Dwijadas Basak, CEO, Tata Power Delhi Distribution Limited (Tata Power–DDL), said, “The power sector is undergoing a fundamental transformation driven by rapid technological advancements, growing renewable energy integration, distributed energy resources, and evolving consumer expectations. In this dynamic environment, research-led insights and evidence-based policy support are critical to shaping the future of the sector. Our partnership with ACPET will bring together industry experience and academic excellence to develop innovative solutions, strengthen policy and regulatory frameworks, and contribute meaningfully to India’s energy transition journey.” 

As part of the collaboration, Tata Power–DDL will support dedicated research personnel and provide infrastructure access, while both institutions will jointly design and implement research projects, consumer awareness programmes, and dissemination of research outcomes. A Joint Steering Committee comprising representatives from both organisations will provide strategic oversight and guide future activities. 

The collaboration reflects a shared commitment by ACPET and Tata Power–DDL to address the complex technological, regulatory, and societal dimensions of the energy transition. By fostering innovation and translating research into practice, the partnership aims to contribute to India’s vision of a sustainable and secure energy future.