Inside Ripple’s (XRP) £10 Million London Office Plan

Ripple is preparing to lease about 90,000 sq ft at One Leadenhall in London’s financial district. The move highlights its growing focus on banking clients and regulated financial products.

Ripple is finalizing plans to lease nearly 90,000 sq ft in One Leadenhall, a new skyscraper beside the Bank of England. 

This location would place the company close to major financial institutions and regulators, supporting its efforts to deepen relationships with banks and expand its institutional business.

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Why Ripple Is Moving To The City Of London

Setting up in the City gives Ripple easier access to banks and financial firms it wants to work with. Being nearby helps build trust, start pilot programs faster, and improve collaboration on projects such as cross-border payments and tokenized assets. 

Ripple has been expanding its institutional reach, acquiring custody and liquidity firms and launching new products that appeal to banks. The London office would make it easier to hold in-person meetings, run product tests, and recruit top talent. 

For Ripple, this move is about becoming part of the same ecosystem as its biggest clients.

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The Numbers Behind The Deal

Reports suggest Ripple is negotiating for about 90,000 sq ft on the upper floors of One Leadenhall, a new 35-storey tower developed by Brookfield Properties. 

Rent prices are estimated between £135 and £140 per sq ft, among the highest in London. 

That would bring Ripple’s annual rent in London to over £10 million. The space is still under negotiation, but if confirmed, it will mark one of the largest crypto-related office leases in the UK’s financial hub. Construction of the tower is scheduled for completion soon.

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What The Move Means For Banks And Regulators

For banks, Ripple’s presence in the City means closer cooperation on projects involving blockchain payments and digital assets. For London, it shows that global crypto firms still see value in being near traditional finance and regulation, despite high costs. 

For regulators, it opens a clearer line of communication with Ripple as the UK refines its digital asset and stablecoin frameworks. The move could help bridge gaps between traditional banking and the growing world of blockchain-based finance.

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Conclusion

Ripple’s London office is not just about prestige. It reflects a calculated effort to connect with banks, regulators, and investors more directly as the company positions itself at the center of institutional finance.

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