Ripple Office Lease: 90,000 sq ft at Brookfield London
Ripple is in advanced talks to secure a 90,000 sq ft office lease at Brookfield’s One Leadenhall tower in London’s financial district. The proposed deal, at £140 per sq ft, would rank among the capital’s priciest leases and marks a significant rise from 2021 rates. This Ripple office lease follows its $1 billion acquisition of GTreasury and a partnership with Absa Bank for digital asset custody in South Africa. With over 900 employees worldwide and existing offices at Angel Court, Ripple is scaling its physical footprint to support growth. Crypto traders may view this expansion as bullish for XRP, reflecting Ripple’s commitment to a global presence.
Bullish
In the short term, securing a high-value office lease in London’s financial district demonstrates Ripple’s financial strength and growth plans, likely boosting trader confidence in XRP and supporting upward price momentum. Over the long term, establishing a prominent physical presence at Brookfield’s One Leadenhall tower underscores Ripple’s strategic expansion and may attract institutional interest, enhancing adoption and reinforcing a sustained bullish outlook for XRP.