Franklin Templeton Joins XRP ETF Race, Calling It ‘Foundational’ to Global Finance

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Franklin Templeton Joins XRP ETF Race, Calling It ‘Foundational’ to Global Finance With XRPZ debuting on NYSE Arca, Franklin becomes the latest financial heavyweight betting on crypto’s future in global payments. By Helene Braun , AI Boost | Edited by Cheyenne Ligon Nov 24, 2025, 5:24 p.m. Franklin Templeton launched its XRP exchange-traded fund (ETF), the Franklin XRP Trust (XRPZ), on NYSE Arca Monday, giving investors regulated access to the XRP token. The move places one of Wall Street’s oldest institutions into the growing field of XRP fund issuers, which already includes Bitwise, Grayscale and Canary Capital. The launch expands Franklin’s crypto lineup. It now manages ETFs tied to bitcoin (EZBC), ether (EZET), XRP (XRPZ), and its diversified digital asset fund (EZPZ), offering traditional investors exposure to a broader range of crypto assets without requiring self-custody. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . David Mann, Head of ETF Product and Capital Markets at Franklin Templeton, said in a statement Monday that XRP plays a "foundational role in global settlement infrastructure.” The rollout marks a significant turn in XRP’s fortunes. Just five years ago, the token faced mass delistings from major exchanges after the U.S. Securities and Exchange Commission (SEC) sued Ripple in late 2020. The agency alleged Ripple had sold XRP as an unregistered security since 2013. That lawsuit finally settled in August 2025, when Ripple agreed to pay the SEC a $125 million settlement without admitting wrongdoing. Since then, interest in XRP has rebounded, particularly as regulators have begun to outline clearer rules for digital assets. Franklin Templeton’s ETF is part of a broader trend of institutional players entering the crypto space through regulated investment vehicles. “Blockchain innovation is driving fast-growing businesses, and digital asset tokens like XRP serve as powerful incentive mechanisms that help bootstrap decentralized networks and align stakeholder interests,” said Roger Bayston, head of digital assets at Franklin Templeton. “Within a diversified digital portfolio, we view XRP as a foundational building block. XRPZ provides regulated custody, daily transparency and liquidity without the operational complexity of holding the token directly.” The ETF structure lets institutional and retail investors gain XRP exposure through brokerage accounts, with daily pricing and SEC oversight. Grayscale's XRP ETF also launched Monday. Crypto asset manager Bitwise launched its XRP ETF last week and saw roughly $118,000,000 in inflows, Bitwise CEO Hunter Horsley said . XRP News Franklin Templeton AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. 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