By using a multicarboxylate ligand consisting of six peripheral 1,3‐benzenedicarboxylalte units connected to the central cyclotriphosphazene ring through a P−O−C spacer, a novel metal–organic framework, [Cd5L(H2O)4]⋅2 (CH3)2NH2⋅6 DMF (L=hexakis(3,5‐dicarboxylatephenyloxy)cyclotriphosphazene), was solvothermally synthesized and characterized by single‐crystal and powder XRD, thermal gravimetric analysis, and IR and photoluminescence spectroscopy. Single‐crystal XRD analyses show that the framework is an anionic 3D network assembled from pentanuclear [Cd5(COO)10] secondary building units and organic linkers. TOPOS software analyses indicate that two alternative simplifications based on the organic linkers can produce five‐connected uninodal bnn‐type topology or novel (2,3,6,10)‐connected five‐nodal topology. Additionally, it is interesting that the luminescence intensity of the complex can be modulated by postsynthetic ion exchange. This study highlights that cyclotriphosphazene‐functionalized multicarboxylates, with the combined advantages of conformation diversity and easy functionalization, are a promising type of organic ligand for the synthesis of metal–organic frameworks with fascinating structures and interesting properties.