Corporate treasuries hold over $11.5B in XRP as Reliance Global adds token to reserves

XRP treasury holdings have exceeded $11.5 billion, following Reliance Global's addition of the token to its digital asset reserves. This move comes after Reliance Global Group filed the news on September 30. The company's decision to add XRP to its reserves highlights growing interest in the cryptocurrency among institutional investors.

XRP (XRP-USD) treasury holdings have surpassed $11.5 billion, according to recent filings, following Reliance Global Group's (NASDAQ:RELI) addition of the token to its digital asset reserves. The news, announced on September 30, marks a significant milestone in the cryptocurrency's institutional adoption XRP treasury holdings top $11.5B as Reliance Global adds token to reserves^[1].

Reliance Global Group, a Nasdaq-listed company, has been actively expanding its digital asset portfolio. The addition of XRP to its reserves is part of a broader strategy to integrate innovative technologies with its established strengths in insurance and financial services. The company's treasury now includes Bitcoin (BTC-USD), Ethereum (ETH-USD), and Cardano (ADA-USD), in addition to XRP XRP treasury holdings top $11.5B as Reliance Global adds token to reserves^[1].

The growth in XRP holdings comes at a time when institutional interest in cryptocurrencies is surging. VS1 Finance, a newly launched institutional-grade decentralized finance (DeFi) hub built natively on the XRP Ledger (XRPL) ecosystem, is capitalizing on this trend. The platform offers AI-powered trade solutions, comprehensive DeFi services, and a secure execution layer, targeting both retail and institutional investors VS1 Launches as Comprehensive Institutional DeFi Hub on XRP Ledger^[2].

The launch of VS1 Finance coincides with a significant increase in institutional DeFi adoption. DeFi loan protocols have seen a 72% year-to-date surge in total value locked, from $53 billion to over $127 billion. The broader DeFi ecosystem now manages over $120 billion, with increased institutional participation and greater regulatory clarity VS1 Launches as Comprehensive Institutional DeFi Hub on XRP Ledger^[2].

These developments underscore the growing acceptance and potential of XRP and other cryptocurrencies in the financial landscape. As institutional investors continue to explore digital assets, the market is likely to see further expansion and innovation.