Coinspeaker
Oct 21, 2025
16 0

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

1 min

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.
  • Evernorth, supported by SBI Holdings with a $200 million investment, aims to provide institutional investors indirect exposure to XRP.