- Ripple plans to lease about 90,000 square feet at One Leadenhall in London’s financial district.
- The annual rent for the new office exceeds $12 million, marking a significant investment.
- The location places Ripple near the Bank of England, targeting institutional financial partners.
- Ripple aims to increase crypto trading volume and stablecoin revenue through this expansion.
- The move follows Ripple’s $1 billion acquisition of GTreasury, focusing on institutional and treasury market demands.
Ripple, a blockchain payments company, is finalizing plans to lease approximately 90,000 square feet of office space at One Leadenhall, a skyscraper in London’s financial district. The move is expected to strengthen the firm’s engagement with institutional clients and increase crypto trading activity.
The annual rent for the space at One Leadenhall exceeds $12 million, reflecting one of the highest rates in London at around £140 ($175) per square foot. This site situates Ripple near key banks and regulatory bodies, including the Bank of England, facilitating collaboration on cross-border payments and stablecoin projects.
Ripple CEO Brad Garlinghouse said, “For too long, money has been stuck in slow, outdated payments systems and infrastructure, causing unnecessary delays, high costs, and roadblocks to entering new markets — problems that blockchain technologies are ideally suited to solve.” Co-founder Chris Larsen added the company has doubled its London office size in two years and now has 15 offices globally.
The expansion complements Ripple’s recent $1 billion acquisition of GTreasury, a firm that offers cash forecasting, risk management, and compliance tools for corporate treasuries. GTreasury CEO Renaat Ver Eecke stated, “The combination of our cash forecasting, risk management, and compliance foundation with Ripple’s speed, global network, and digital asset solutions creates an opportunity for treasurers to manage liquidity, payments, and risk in the new digital economy.”
The new office’s proximity to regulatory authorities and financial institutions in London is expected to support institutional demand amid growing interest in stablecoins and digital assets across Europe. This location also allows Ripple to enhance its role in crypto trading volume expansion driven by institutional channels.
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