Franklin XRP Trust 8-K

What Happened

• On May 8, 2026, Franklin XRP Trust (filed via its sponsor Franklin Holdings, LLC) announced executive changes at the Sponsor. Christopher Berarducci, age 51, was appointed Chief Accounting Officer and Treasurer of the Sponsor, and Christopher Kings, age 51, was appointed Chief Financial Officer of the Sponsor.
• Effective the same date, Vivek Pai resigned as Chief Accounting Officer and Treasurer and Matthew Hinkle resigned as Vice President and Chief Financial Officer of the Sponsor. The filing states both resignations were not due to any dispute or disagreement with the Sponsor or the Fund.

Key Details

• Date of change: May 8, 2026 (Item 5.02 reported in the 8‑K, accession 0001193125-26-214633).
• New appointees’ backgrounds: Berarducci has served in Franklin Templeton fund administration and earlier roles at Legg Mason & Co.; Kings has served as Senior Vice President of Franklin Templeton Services, LLC and held fund administration roles in EMEA.
• Both new officers are 51 years old.
• Filing clarifies resignations were voluntary and unrelated to the Fund’s operations, policies or practices.

Why It Matters

• These are management-level changes at the Sponsor responsible for the Fund’s accounting, treasury and financial reporting. Such roles handle fund financial statements, reporting controls and operational oversight—important for accurate investor reporting.
• The filing signals continuity within the Franklin/Franklin Templeton organization (internal appointments from related entities) and explicitly notes there were no disputes related to the resignations, which is material information for investors monitoring governance and operational stability.