Franklin XRP Trust

Franklin XRP ETF is a single-series statutory trust that issues common units of fractional undivided beneficial interest to provide cost-effective investment exposure reflecting the price performance of XRP, net of expenses. The passive, non-leveraged fund does not actively trade XRP based on price speculation, nor does it employ leverage or derivatives. It holds XRP in custody, with private keys secured primarily in offline cold storage. Its customers include institutional investors who transact as authorized participants in creation units of 50,000 shares, as well as general investors who purchase and sell exchange-listed shares through standard brokerage accounts without directly holding digital assets.

The fund's operations rely on external institutional service providers, including a trustee, an administrator and transfer agent, a dedicated digital asset custodian, a prime broker, and authorized liquidity counterparties. The registrant maintains its principal executive offices in San Mateo, California. Its common shares trade on the NYSE Arca exchange under the ticker symbol XRPZ.

Summary of the business section of Franklin XRP Trust's latest annual report, written by StockData.