Ripple Labs in Talks to Lease Brookfield’s New London Skyscraper

Ripple Labs Inc. is negotiating to lease approximately 90,000 square feet at One Leadenhall in London's financial district. This move is part of their expansion strategy.

Key Points

The lease would be amongst the most expensive in London, with Brookfield asking around £140 ($187.33) per square foot.
Ripple currently operates from Angel Court and employs over 900 people across 15 global offices.
The expansion follows Ripple's $1 billion acquisition of GTreasury, enhancing its reach in the corporate treasury market.
Ripple recently partnered with Absa Bank for digital asset custody services in South Africa, marking its expansion into Africa.

Financial Moves

Ripple is reportedly raising up to $1 billion for an XRP-focused digital asset treasury (DAT).
The fundraising involves a special purpose acquisition company (SPAC) to purchase $1 billion worth of [XRP](https://holder.io/coins/xrp/).
Evernorth, supported by SBI Holdings with a $200 million investment, aims to provide institutional investors indirect exposure to [XRP](https://holder.io/coins/xrp/).