Franklin Templeton has expanded its digital asset offerings with the launch of the Franklin XRP ETF , giving investors a regulated and convenient way to gain exposure to XRP the cryptocurrency known for powering fast, low-cost global payments. The ETF is designed to track the performance of XRP using the CME CF XRP-Dollar Reference Rate (New York Variant) and is now officially trading on NYSE Arca.
David Mann, Head of ETF Product and Capital Markets at Franklin Templeton, said the introduction of XRPZ reflects the firm’s continued commitment to innovation in the digital asset space. He emphasized that the ETF brings traditional market transparency, oversight, and ease of access to a digital asset that plays a foundational role in the future of cross-border settlement.
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XRP has been a part of the crypto ecosystem since 2012 through the XRP Ledger an open-source, energy-efficient blockchain built for payments and tokenization. With its fast settlement speeds, low transaction costs, and ability to handle thousands of transactions per second, the technology has become a trusted network for banks, fintechs, and payment providers moving money across borders. Because XRP’s movements often differ from traditional stocks and bonds, it also offers unique diversification benefits for digital asset investors.
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The new ETF operates as a grantor trust that directly holds XRP. Daily net asset value is determined using the fund’s holdings and the official XRP reference rate. Coinbase Custody Trust Company, LLC safeguards the ETF’s XRP, while BNY Mellon oversees administrative functions, including transfer and cash custody. CSC Delaware Trust Company serves as the trustee.
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Roger Bayston, Head of Digital Assets at Franklin Templeton, noted that XRP plays a key role in supporting decentralized networks and powering tokenized financial applications. He said XRPZ gives investors a regulated, secure, and transparent way to access XRP’s potential without handling the digital asset themselves.
The Franklin XRP ETF now joins the company’s growing suite of U.S. digital asset products — including Bitcoin, Ethereum, and a diversified crypto index ETF reinforcing Franklin Templeton’s position as a leading provider of institutional-grade crypto investment vehicles.
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