Franklin Resources, Inc. announced the launch of Franklin XRP ETF, an exchange-traded product to provide investors with exposure to the price movements of XRP, a digital asset facilitating real-time, low-cost cross-border payments. XRPZ seeks to reflect, before fees and expenses, the performance of XRP as measured by the CME CF XRP-Dollar Reference Rate, New York Variant, and is listed on NYSE Arca. 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.base Custody Trust Company, LLC serves as XRP custodian, while the Bank of New York Mellon acts as administrator, transfer agent, and cash custodian. CSC Delaware Trust Company serves as trustee.
XRPZ joins Franklin Templeton's U.S. digital asset ETP lineup, which includes the Franklin Bitcoin ETF (EZBC), Franklin Ethereum ETF (EZET), and the Franklin Crypto Index ETF (EZPZ). Together, these funds underscore the firm's commitment to offering secure, transparent, and institutional-grade solutions that help investors navigate the evolving digital asset landscape.
