Franklin Templeton Taps Coinbase Custody for Upcoming Spot XRP ETF

Published at 2025-11-17 23:00:31

Franklin Templeton has selected Coinbase Custody to hold the XRP for its proposed spot XRP exchange-traded fund, the asset manager said in its final filing with the U.S. Securities and Exchange Commission. The $1.6 trillion firm indicated the ETF is expected to begin trading on November 18, 2025, once regulatory requirements are satisfied, marking a concrete step toward a potential market debut.

Pairing a large asset manager with a regulated custodian matters because custody and compliance have been central concerns for institutional entrants into crypto. While the filing does not guarantee SEC approval, using Coinbase Custody tightens the operational blueprint and could help reassure investors and counterparties; market participants will be watching for any regulatory updates ahead of the planned launch.

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CoinbaseBrian ArmstrongCLARITYCommunity BanksRegulationUS Politics

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