SOEZ on NYSE

Franklin Solana Trust

American commodity contracts brokers and dealers company based in San Mateo2

In its 2026 annual report the company says: “The Trust currently offers a single series, the Franklin Solana ETF.”4 Its shares trade on NYSE under the symbol SOEZ.2

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Last updated Oct 20, 2026.

Overview

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  • TickerSOEZ on NYSE2
  • IndustryCommodity Contracts Brokers & Dealers2
  • HeadquartersSan Mateo, United States2
  • Incorporated inDE3
  • Business addressOne Franklin Parkway, San Mateo, Ca 944033
  • Filer category, Emerging growth company3
  • Legal formFund2
  • Kind of organizationFund2
  • LEI254900NLMM8J47DGZM492
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O DELAWARE TRUST COMPANY, 19808 Wilmington, United States2
  • Registered withSecurities and Exchange Commission, 00020573882

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The Franklin Solana Trust (the “Trust”) was formed as a Delaware statutory trust on February 10, 2025, and is governed by the provisions of a Third Amended and Restated Agreement and Declaration of Trust (“Declaration of Trust”) dated as of November 21, 2025. The Trust currently offers a single series, the Franklin Solana ETF (the “Fund”). The Fund issues common units of beneficial interest (“Shares”), which represent units of fractional undivided beneficial interest in and ownership of the Fund. The Shares are listed on the NYSE Arca, Inc. (“NYSE Arca” or the “Exchange”) under the symbol “SOEZ.” Shares are not obligations of, and are not guaranteed by, the Sponsor or any of its subsidiaries or affiliates.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Shareholders’ equity6$12.1M in 2026+420% since 2025
0$5.0M$10.0M$15.0M2025: $2.3M$2.3M20252026: $12.1M$12.1M2026+420%
Cash6$0 in 2026
02025: $0$020252026: $0$02026

Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.6

Period ending2026-03-312025-11-30
Investment in Solana, at fair value$9.4M$2.5M
Total assets$9.4M
Sponsors fee payable$0
Staking fee payable$403
Total liabilities$403
Net assets$9.4M$2.5M
Shares issued (in Shares)650.0K shares
Shares outstanding (in Shares)650.0K shares100.0K shares
Net asset value per Share (in Dollars per share)$14.41$24.51
Investment in Solana$12.2M
Shares, no par value (in Dollars per share)$0

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Corporate structure

Franklin Solana Trust sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Franklin Solana Trust San Mateo, California, United States
    • FRANKLIN SOLANA ETF Fund · San Mateo, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0). Each entity in the chart links to its source.

Subsidiaries and ownership

Fund manager

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Aug 26, 20268-K Other events9
  2. May 8, 20268-K Executive or director change10
  3. Feb 10, 2025Founded Franklin Solana Trust is founded2

Filings

35 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 2 major events, 29 other. The latest 20:

  1. Aug 26, 2026424B3 EDGAR
  2. Aug 26, 20268-K EDGAR
  3. Aug 14, 202610-Q EDGAR
  4. Jun 29, 2026424I EDGAR
  5. Jun 29, 202610-K EDGAR
  6. May 8, 20268-K EDGAR
  7. Feb 17, 202610-Q EDGAR
  8. Dec 17, 2025FWP EDGAR
  9. Dec 17, 202510-Q EDGAR
  10. Dec 4, 2025FWP EDGAR
  11. Dec 4, 2025FWP EDGAR
  12. Dec 3, 2025FWP EDGAR
  13. Dec 3, 2025FWP EDGAR
  14. Dec 3, 2025FWP EDGAR
  15. Dec 3, 2025FWP EDGAR
  16. Dec 3, 2025FWP EDGAR
  17. Dec 2, 2025CERT NYSE ARCA CERTIFICATION EDGAR
  18. Nov 26, 2025424B3 EDGAR
  19. Nov 25, 2025EFFECT EDGAR
  20. Nov 25, 20258-A12B EDGAR

The 35 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Goldman Sachs Group Inc146,250$1.9M0.0%New
Clearstead Advisors, LLC4,213$54.0K0.0%+2,514
UBS Group AG405$5.2K0.0%−960
IFP Advisors, Inc22$2820.0%No change
Flow Traders U.s. LLC11,539$1480.0%−31,463

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Franklin Solana Trust is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFranklin Solana Trust1
  • CIK0002057388
  • Employer ID (EIN)39-68148894
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsMarch 311
  • Industry code (SIC)6221 Commodity Contracts Brokers & Dealers1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business addressOne Franklin Parkway, San Mateo, CA 944031
  • Phone(650) 312-20001
  • Shares outstanding650,000 as of Aug 3, 20265
  • Public float$0 as of Sep 30, 20256
  • AuditorPricewaterhouseCoopers LLP, San Francisco, California PCAOB ID 238; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceFeb 21, 20251
  • Filings35 in all: FWP (8), CORRESP (5), S-1/A (5), UPLOAD (4), 10-Q (3), 424B3 (2), 8-K (2), 10-K (1)1
    All 13 form types

    424I (1), 8-A12B (1), CERT (1), EFFECT (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Jun 29, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Latest 8-K (8-K) Aug 26, 2026

Securities registered for trading

ClassSymbolExchange
Franklin Solana ETF SharesSOEZNYSE

From the cover page of the 10-K filed Jun 29, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Franklin Solana Trust names in Item 1A of its 10-K filed Jun 29, 2026: 80 risks under these headings, as written.4

  • The Shares are speculative and involve a high degree of risk. Before making an investment decision, you should consider carefully the risks described below, as well as the other information included in this report.
  • The trading prices of many digital assets, including Solana, have experienced extreme volatility in recent periods and may continue to do so. Extreme volatility in the future, including further declines in the trading prices of Solana, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value.
  • The value of the Shares is subject to a number of factors relating to the fundamental investment characteristics of Solana as a digital asset, including the fact that digital assets are bearer instruments and loss, theft, destruction, or compromise of the associated private keys could result in permanent loss of the asset, and the capabilities and development of blockchain technologies such as the Solana blockchain.
  • Digital assets represent a new and rapidly evolving industry, and the value of the Shares depends on the acceptance of Solana.
  • Changes in the governance of a digital asset network may not receive sufficient support from users and validators, which may negatively affect that digital asset network’s ability to grow and respond to challenges.
  • Potential amendments to the Solana Network’s protocols and software could, if accepted and authorized by the Solana Network community, adversely affect the value of an investment in the Fund.
  • The open-source structure of the Solana Network protocol means that the core developers and other contributors are generally not directly compensated for their contributions in maintaining and developing the Solana Network protocol. A failure to properly monitor and upgrade the Solana Network protocol could damage the Solana Network and negatively affect the value of an investment in the Fund.
  • Digital asset networks face significant scaling challenges and efforts to increase the volume and speed of transactions may not be successful.
  • Digital assets may have concentrated ownership and large sales or distributions by holders of such digital assets could have an adverse effect on the market price of such digital assets.
  • Liquid staking applications pose centralization concerns, and a single liquid staking application has reportedly controlled a significant percentage of the total staked SOL on the Solana Network.
  • If the digital asset award or transaction fees for recording transactions on the Solana Network are not sufficiently high to incentivize validators, or if certain jurisdictions continue to limit or otherwise regulate validating activities, validators may cease expanding validating power or demand high transaction fees, which could negatively impact the value of Solana and the value of the Shares.
  • If a malicious actor or botnet obtains control of more than 33% of the validating stake on the Solana Network, or otherwise obtains control over the Solana Network through its influence over core developers or otherwise, such actor or botnet could delay or manipulate the Solana blockchain, which could adversely affect the value of the Shares or the ability of the Fund to operate.
The other 68 risks
  • Liquid staking applications pose centralization concerns.
  • If validators exit the Solana Network, it could increase the likelihood of a malicious actor obtaining control.
  • A temporary or permanent “fork” or “clone” of the Solana Network could adversely affect the value of the Shares.
  • Shareholders will not receive the benefits of any Incidental Rights and any IR Virtual Currency, including any forked or airdropped assets.
  • In the event of a hard fork of the Solana Network, the Sponsor will, if permitted by the terms of the Declaration of Trust, use its discretion to determine which network should be considered the appropriate network for the Fund’s purposes, and in doing so may adversely affect the value of the Shares.
  • Any name change and any associated rebranding initiative by the core developers, users or validators of Solana or the Solana Network may not be favorably received by the digital asset community, which could negatively impact the value of Solana and the value of the Shares.
  • Smart contracts, including those relating to DeFi applications, are a new technology and their ongoing development and operation may result in problems, which could reduce the demand for Solana or cause a wider loss of confidence in the Solana Network, either of which could have an adverse impact on the value of Solana.
  • Validators may suffer losses due to staking, or staking may prove unattractive to validators, which could make the Solana Network less attractive.
  • Proof-of-stake blockchains are a relatively recent innovation and have not been subject to as widespread use or adoption over as long of a period of time as traditional proof-of-work blockchains.
  • The Solana Protocol was only conceived in 2017 and the Solana Protocol or its proof-of-history timestamping mechanism may not function as intended, which could have an adverse impact on the value of Solana and the investment in the Shares.
  • The value of the Shares relates directly to the value of Solana which has been in the past, and may continue to be, highly volatile and subject to fluctuations due to a number of factors.
  • Because the Fund holds only Solana and cash, an investment in the Fund may be more volatile than an investment in a more broadly diversified portfolio.
  • Solana is a relatively new technological innovation with limited operating history
  • Due to the relative unregulated nature and lack of transparency surrounding the operations of digital asset platforms, which may experience fraud, manipulation, security failures or operational problems, as well as the wider Solana market, the value of Solana and, consequently, the value of the Shares may be adversely affected, causing losses to Shareholders.
  • Risk of loss of market confidence due to lack of established regulatory framework.
  • Risk of manipulative activity—wash trading.
  • Risks related to exchange bankruptcy, failure or closure, including as a result of criminal fraud, cyber attacks or other security breaches.
  • Reputational harm and related industry contagion effects may exacerbate negative events in the digital asset markets or digital platforms.
  • Coinbase serves as the Custodian and prime execution agent for several competing exchange-traded digital assets products, which could adversely affect the Fund’s operations and ultimately the value of the Shares.
  • The Index has a relatively limited performance history, the Index price could fail to track the global Solana price, and a failure of the Index price could adversely affect the value of the Shares, and the Index’s methodology may be subject to change.
  • The Index price used to calculate the value of the Fund’s Solana may be volatile, adversely affecting the value of the Shares.
  • The Index Administrator could experience system failures or errors.
  • The Index price being used to determine the net asset value of the Fund may not be consistent with GAAP. To the extent that the Fund’s financial statements are determined using a different pricing source that is consistent with GAAP, the net asset value reported in the Fund’s periodic financial statements may differ, in some cases significantly, from the Fund’s net asset value determined using the Index pricing.
  • Competition from central bank digital currencies (“CBDCs”) and emerging payments initiatives involving financial institutions could adversely affect the value of Solana and other digital assets.
  • Prices of Solana may be affected due to stablecoins (including Tether and US Dollar Coin (“USDC”)), the activities of stablecoin issuers and their regulatory treatment.
  • Competition from the emergence or growth of other digital assets or methods of investing in Solana could have a negative impact on the price of Solana and adversely affect the value of the Shares.
  • Competitive pressures may negatively affect the ability of the Fund to garner substantial assets and achieve commercial success.
  • Blockchain technologies are based on theoretical conjectures as to the impossibility of solving certain cryptographical puzzles quickly. These premises may be incorrect or may become incorrect due to technological advances.
  • Digital asset treasury companies may exacerbate volatility in digital asset markets.
  • Operational cost may exceed the award for validating transaction, and increased transaction fees may adversely affect the usage of the Solana Network.
  • The SEC has approved generic listing standards for commodity-based trust shares and may approve other applications under Rule 19b-4 of the Exchange Act to list competing digital asset backed investment vehicles as exchange-traded products, which could reduce demand for, and the price of, Solana and adversely impact the value of the Shares.
  • If regulators or public utilities take actions that restrict or otherwise impact validator activities, such actions could result in decreased security of a digital asset network, including the Solana network, which could adversely affect the value of the Shares.
  • The Fund will not stake its Solana until the Staking Requirement is satisfied, any additional requirements are satisfied, and the Fund has entered into written agreements with Staking Provider(s), which could harm the value of the Shares.
  • The Fund’s Policy for managing the liquidity risks of staking may not fully prevent the Fund from experiencing liquidity challenges, especially in extreme or stressed market conditions.
  • Shareholders may incur tax liability without a corresponding cash distribution from the Fund.
  • The Fund may be negatively impacted by the effects of the spread of illnesses or other public health emergencies on the global economy and the markets and service providers relevant to the performance of the Fund.
  • The Fund will rely on the information and technology systems of the Custodians, Administrator, Trustee, Sponsor, Staking Provider(s), Authorized Participants and/or their designees, Solana Trading Counterparties, listing exchange, and the Fund’s other service providers and counterparties (referred to herein as the “Service Providers”), each of which could be directly or indirectly adversely affected by information systems interruptions, cybersecurity incidents or other disruptions, which in turn could have a material adverse effect on the Fund.
  • The amount of the Fund’s assets represented by each Share will decline over time as the Fund pays the Sponsor’s Fee and additional expenses borne by the Fund, and as a result, the value of the Shares may decrease over time.
  • The Fund is a passive investment vehicle that does not seek to generate returns beyond tracking the price of Solana. The Fund is not actively managed, does not seek to generate excess returns beyond tracking the price of Solana and will be adversely affected by a general decline in the price of Solana.
  • The value of the Shares may be influenced by a variety of factors unrelated to the value of Solana.
  • The liquidity of the Shares may also be affected by the withdrawal from participation of Authorized Participants or Solana Trading Counterparties.
  • The Fund and the Shares may be negatively affected by Authorized Participant Concentration.
  • Certain shareholders may from time to time own a substantial amount of the Fund’s Shares.
  • The Trust is an “emerging growth company” and it cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make the Shares less attractive to investors.
  • The Fund is subject to certain risks due to its concentration in only one asset.
  • The lack of an active trading market for the Shares may result in losses on your investment at the time of disposition of your Shares.
  • The limited ability to facilitate in-kind creations and redemptions of Shares could have adverse consequences for the Fund.
  • If the process of creation and redemption of Creation Units encounters any unanticipated difficulties, including as a result of Staking Activities, the possibility for arbitrage transactions by Authorized Participants intended to keep the price of the Shares closely linked to the price of Solana may not exist and, as a result, the price of the Shares may fall or otherwise diverge from NAV.
  • To the extent the Fund uses cash creations and redemptions, that may adversely affect the arbitrage transactions by Authorized Participants intended to keep the price of the Shares closely linked to the price of Solana and, as a result, the price of the Shares may fall or otherwise diverge from NAV.
  • As an owner of Shares, you will not have the rights normally associated with ownership of other types of shares.
  • The Sponsor may amend the Declaration of Trust without the consent of the Shareholders.
  • Shareholders do not have the protections associated with ownership of shares in an investment company registered under the Investment Company Act or the protections afforded by the CEA.
  • As the Sponsor and its management have limited history of operating investment vehicles like the Fund, their experience may be inadequate or unsuitable to manage the affairs of the Fund.
  • Security threats to the Fund’s account at the Solana Custodian could result in the halting of Fund operations and a loss of Fund assets or damage to the reputation of the Fund, each of which could result in a reduction in the value of the Shares.
  • Solana transactions are irrevocable and stolen or incorrectly transferred Solana may be irretrievable. As a result, any incorrectly executed Solana transactions could adversely affect the value of the Shares.
  • The lack of full insurance and Shareholders’ limited rights of legal recourse against the Fund, Trustee, Sponsor, Administrator, Cash Custodian, Prime Broker and Solana Custodian expose the Fund and its Shareholders to the risk of loss of the Fund’s Solana for which no person or entity is liable.
  • If the Trade Credits are not available or become exhausted, the Fund may face delays in buying or selling Solana that may adversely impact Shareholders; if the Fund does not repay the Trade Credits on time, its assets may be liquidated by the Trade Credit Lender and its affiliates.
  • Loss of a critical banking relationship for, or the failure of a bank used by, the Prime Broker could adversely impact the Fund’s ability to create or redeem Creation Units, or could cause losses to the Fund.
  • The Prime Broker routes orders through Connected Trading Venues in connection with trading services under the Prime Broker Agreement. The loss or failure of any such Connected Trading Venues may adversely affect the Prime Broker’s business and cause losses for the Fund.
  • The Fund may be terminated and liquidated at a time that is disadvantageous to Shareholders.
  • The Declaration of Trust includes provisions that limit Shareholders’ voting rights and the ability to participate in shareholder derivative actions.
  • The non-exclusive jurisdiction for certain types of actions and proceedings and waiver of trial by jury clauses set forth in the Declaration of Trust may have the effect of limiting a Shareholder’s rights to bring legal action against the Trust and could limit a purchaser’s ability to obtain a favorable judicial forum for disputes with the Trust.
  • The Sponsor is solely responsible for determining the value of the net asset value of the Fund, and any errors, discontinuance or changes in such valuation calculations may have an adverse effect on the value of the Shares.
  • Extraordinary expenses resulting from unanticipated events may become payable by the Fund, adversely affecting the value of the Shares.
  • The Fund’s delivery or sale of Solana to pay expenses or otherwise in connection with operations of the Fund, as well as rewards from Staking, could result in Shareholders incurring tax liability without an associated distribution from the Fund.
  • The value of the Shares will be adversely affected if the Fund is required to indemnify the Sponsor, the Trustee, the Staking Provider, the Administrator, the Solana Custodian or the Cash Custodian pursuant to its contractual arrangements.
  • Digital asset markets in the U.S. exist in a state of regulatory uncertainty, and adverse legislative or regulatory developments could significantly harm the value of Solana or the Shares, such as by banning, restricting or imposing onerous conditions or prohibitions on the use of Solana, validator activity, staking activity, digital wallets, the provision of services related to trading and custodying Solana, the operation of the Solana Network, or the digital asset markets generally.
  • A determination that Solana or any other digital asset is a “security” may adversely affect the value of Solana and the value of the Shares, and result in potentially extraordinary, nonrecurring expenses to, or termination of, the Fund.

Legal proceedings

Legal Proceedings

From time to time, the Trust and/or the Fund may be a party to certain legal proceedings in the ordinary course of business. As of June 29, 2026, the Trust and the Fund are not subject to any material legal proceedings, nor, to our knowledge, are any material legal proceeding threatened against the Trust or Fund.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
    SEC EDGAROther events
  10. 10