Ripple Labs Eyes Lease of Brookfield Corp’s Latest London High-rise
Negotiations Underway for Premium Office Space in London's Financial District
Key Points
- Ripple Labs Inc. is in advanced negotiations to lease upper floors of Brookfield Corp’s new skyscraper in London.
- Ripple’s aggressive expansion continues with a $1 billion acquisition of GTreasury and a partnership with Absa Bank.
Ripple Labs Inc., an American fintech company, is reportedly in the final stages of discussions to lease the top floors of Brookfield Corp’s latest skyscraper in London’s financial district. This move is part of Ripple’s ongoing expansion strategy.
Sources close to the negotiations indicate that Ripple is looking to rent approximately 90,000 square feet of high-end office space at One Leadenhall, a 35-story development in the City of London.
One of London’s Most Expensive Leases
Brookfield is reportedly asking around £140 ($187.33) per square foot for the lease, which would make it one of the most costly in the UK capital, comparable to prime Mayfair properties. This deal, if finalized, would highlight the steep increase in London office rents since 2021.
Ripple currently operates from Angel Court, another tower in the same district. The company has over 900 employees across 15 global offices and has been consistently expanding its physical and digital presence.
Year of Rapid Expansion
Ripple’s move to secure a new headquarters follows its $1 billion acquisition of GTreasury, a fintech firm specializing in treasury and risk management software. This acquisition, announced on October 16, gives Ripple access to the multi-trillion-dollar corporate treasury market.
A day prior to this, Ripple also announced a partnership with Absa Bank to offer digital asset custody services in South Africa. This is a crucial step in expanding its footprint across the African continent in 2025.
Ripple is also reportedly raising up to $1 billion for an XRP-focused digital asset treasury (DAT). The fundraising is being organized through a special purpose acquisition company (SPAC). Ripple plans to purchase $1 billion worth of XRP for the treasury while adding a portion of its existing token reserves.
Ripple is also supporting Evernorth, a company established to hold XRP and go public via a SPAC merger. Backed by SBI Holdings with a $200 million investment, Evernorth aims to give institutional investors indirect exposure to XRP without holding the token directly. This makes it one of the best cryptocurrencies to invest in 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CoreWeave, the "Eye of the Storm" in the Latest AI Crash amid "Double Blow to Stocks and Bonds"
CoreWeave's stock price plummeted 25% in a single week, with junk bond yields soaring to 15% and the default probability exceeding 60%, triggering a financing crisis in AI infrastructure. This "double whammy" in both stocks and bonds has led to an 11% drop in the Philadelphia Semiconductor Index and the Nasdaq 100 experiencing its worst weekly performance of the year. Market participants warn that this marks a turning point in AI hype credit pricing—the high-leverage, heavy-debt expansion model is now facing a severe test amid elevated interest rates.
Japan taps Chainlink’s CCIP to accelerate tokenization — Details
Bank of America’s Hartnett, who accurately predicted major declines: “Sell signal” is over, investors will "return to tech stocks in mid-November”, the key lies in “chip prices”
Bank of America’s “sell signal” has ended, but this is by no means a call to bottom fish. Currently, the AI financing gap is widening, and technology stocks are extremely crowded. Strategists warn that the key to whether technology stocks can rebound in November depends entirely on “semiconductor prices.” In the short term, it is advised to avoid technology stocks, maintain a defensive stance, and position in small caps and REITs.
Crypto prices
More
