Franklin Templeton Launches Franklin XRP ETF (XRPZ)
“The rapid growth of our ETF business reflects Franklin Templeton’s commitment to staying at the forefront of innovation,” said David Mann, Head of ETF Product and Capital Markets at Franklin Templeton. “XRPZ offers investors a convenient and regulated way to access a digital asset that plays a foundational role in global settlement infrastructure,through the transparency and oversight of an ETF.”
Launched in 2012, the XRP Ledger (XRPL) is a decentralized, open-source blockchain designed for payments, remittances, and tokenization. It uses a federated consensus model to validate transactions, enabling near-instant settlement at minimal cost and with low energy usage. The XRPL can process thousands of transactions per second and is widely used by financial institutions and payment providers to facilitate international transfers efficiently.
Its established utility in facilitating cross-currency settlement has made XRP a central component of the growing digital payments ecosystem. With low correlation to traditional asset classes, XRP also provides differentiated exposure within the broader digital asset market.
XRPZ is structured as a grantor trust that holds XRP. Net asset value is calculated daily based on the Fund’s holdings and the CME CF XRP-Dollar Reference Rate (New York Variant). Coinbase Custody Trust Company, LLC serves as XRP custodian, while BNY acts as administrator, transfer agent, and cash custodian. CSC Delaware Trust Company serves as trustee.