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Franklin Solana Trust
Franklin Solana Trust is a grantor trust offering regulated exposure to Solana (SOL) for US investors. Part of Franklin Templeton’s digital-assets suite.
Franklin Solana Trust
Franklin Solana Trust is one of several crypto-specialized trusts issued by Franklin Templeton, the global asset manager founded in 1947. The trust focuses exclusively on Solana (SOL), a proof-of-stake blockchain designed for high-throughput decentralized applications. It is structured as a grantor trust, allowing investors to hold SOL indirectly through a conventional brokerage account. The product targets accredited investors and operates alongside Franklin Templeton’s broader digital-asset offerings, which include a spot Bitcoin ETF and a spot Ethereum ETF. Strategy & deployment: The trust invests solely in SOL tokens, sourced from digital-asset exchanges and over-the-counter counterparties. It does not engage in staking or yield generation. Investors gain price exposure to Solana without managing private keys or wallets. Franklin Templeton handles custody through institutional custodians. The trust is US-domiciled and files periodic reports with the SEC, providing transparency via daily NAV publication. Scale, team, adjacent vehicles: Franklin Templeton manages over $1.6 trillion in total AUM across all strategies (per the firm, 2024). The digital-assets team is led by Roger Bayston, head of digital assets, and includes portfolio managers focused on crypto products. Adjacent vehicles include the Franklin Bitcoin ETF (EZBC) and Franklin Ethereum ETF. No separate team size for the Solana trust is disclosed. Structural differentiator: As a grantor trust, Franklin Solana Trust passes through tax treatment to holders, who pay tax on gains at their individual rate. This structure differs from open-end funds, which must distribute realized gains. The trust is not actively managed and holds only SOL, making it a passive vehicle for pure price exposure.
General information
Firm type
Asset Manager
Year founded
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AUM
Undisclosed
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Frequently asked questions
Who manages investment decisions for Franklin Solana Trust?
Roger Bayston, head of digital assets at Franklin Templeton, oversees the digital-assets product line. The trust is not actively managed — portfolio decisions are limited to acquiring and holding SOL tokens consistent with the trust's stated objective. Franklin Templeton's custody and operations teams handle execution and administration.
How does Franklin Solana Trust source its SOL tokens?
The trust purchases SOL from digital-asset exchanges and over-the-counter trading desks. It uses institutional custodians to hold the tokens. No direct blockchain mining or staking is involved. Pricing is based on market rates, and the trust publishes its net asset value daily.
Is Franklin Solana Trust structured as a single family office or a pooled investment vehicle?
It is a pooled investment vehicle — specifically a grantor trust — issued by Franklin Templeton, a publicly traded asset manager. It is not a family office. The trust offers exposure to Solana for investors who prefer a regulated, custodial product over direct self-custody.
Does Franklin Solana Trust participate in fund commitments or only direct holdings?
The trust holds SOL tokens directly; it does not invest in other funds or crypto-derivative products. It is a passive vehicle that tracks the performance of the underlying token, less fees and expenses. Investors buy shares on the over-the-counter market, and the trust's NAV reflects its net assets.
What investment stages does Franklin Solana Trust typically target?
The trust does not target stages — it holds Solana (SOL), a liquid digital asset. There is no venture-stage or growth-stage allocation. The trust is designed for buy-and-hold exposure to the token, with liquidity provided via the secondary market.
Which sectors does Franklin Solana Trust explicitly avoid?
The trust avoids all assets other than SOL. It does not invest in other cryptocurrencies, tokens, equities, bonds, commodities, or derivatives. It also does not participate in staking, lending, or decentralized-finance protocols, even those built on the Solana blockchain.
How is Franklin Solana Trust related to Franklin Templeton's other crypto ETFs?
Franklin Solana Trust is part of Franklin Templeton's digital-assets product suite, which also includes a spot Bitcoin ETF (EZBC) and a spot Ethereum ETF. The trust uses similar operational infrastructure — custody via institutional custodians, SEC-registered filings, and daily NAV reporting — but is structured as a grantor trust rather than an ETF. The launch reflects Franklin Templeton's broader strategy to offer regulated crypto exposure across multiple blockchains.
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