Reliance Global Group has completed a purchase of XRP, the native token of the XRP Ledger and Ripple payment network. This marks the company's latest step in its Digital Asset Treasury initiative, introducing diversified exposure to a top-tier asset recognized for its speed, scalability, and strong adoption in the global banking and financial services sector. The purchase follows Reliance's earlier treasury purchases of Bitcoin, Ethereum, and Cardano.
Reliance Global Group, Inc. (Nasdaq: RELI) has expanded its Digital Asset Treasury by adding XRP, the native token of the XRP Ledger and Ripple payment network. This strategic move is part of the company's ongoing initiative to diversify its digital asset holdings and capitalize on the transformative potential of blockchain technology
Reliance Global Group (RELI) Adds XRP to Digital Asset Treasury, Expanding Enterprise-Grade Blockchain Portfolio[1].
The addition of XRP follows Reliance's earlier acquisitions of Bitcoin, Ethereum, and Cardano. These holdings reflect the company's disciplined approach to building a diversified portfolio of digital assets that align with its long-term strategy of combining innovation, stability, and value. XRP, currently the fourth-largest cryptocurrency by market capitalization, is widely used as a bridge asset for international payments due to its speed, scalability, and strong adoption in the global banking and financial services sector.
The company's Chairman and CEO, Ezra Beyman, stated, "Our strategy is to carefully build a treasury of digital assets with both strong fundamentals and real-world utility. XRP offers speed, efficiency, and proven value in global payments. By adding XRP to our portfolio, we are reinforcing Reliance’s role at the forefront of blockchain adoption. We believe this disciplined diversification is designed to both capture the transformative potential of blockchain technology and to drive long-term shareholder value."
Reliance views the addition of XRP and other leading digital assets as an extension of its broader strategy to merge innovative technologies with its established strengths in insurance and financial services. The company aims to integrate digital assets into its operating model in a way that delivers innovation today while creating lasting value for shareholders.
Forward-looking statements included in the press release highlight the risks and uncertainties associated with the implementation of the Digital Asset Treasury strategy, including market volatility, regulatory changes, and technological risks
Reliance Global Group (RELI) Adds XRP to Digital Asset Treasury, Expanding Enterprise-Grade Blockchain Portfolio[1]. Reliance Global Group Inc. undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.
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