Reliance (US:RELI) Globenewswire·2025-09-15 13:15Core Viewpoint - Reliance Global Group, Inc. is expanding into the digital asset and blockchain sector, planning to invest up to $120 million in cryptocurrencies like Bitcoin, Ethereum, and Solana, while also exploring tokenization of insurance-linked assets [1][5]. Group 1: Strategic Expansion - The Board of Directors has approved a strategic initiative to build a diversified portfolio of leading cryptocurrencies, with an initial investment of up to $60 million, followed by an additional $60 million [1]. - A newly formed Crypto Advisory Board (CAB) will manage and oversee the digital asset treasury strategy and related initiatives [4]. Group 2: Technological Integration - Reliance aims to leverage its experience in insurance, fintech, and artificial intelligence to explore opportunities for tokenizing insurance-linked assets, potentially creating a new investment class [2][3]. - The company’s proprietary RELI Exchange platform and AI-driven capabilities will be utilized to enhance the blockchain ecosystem [5]. Group 3: Market Positioning - The initiative is expected to enhance shareholder value and position Reliance at the forefront of InsurTech and blockchain innovation, unlocking long-term growth opportunities [5]. - Reliance has a history of utilizing AI and data mining to deliver competitive insurance solutions, which will now be applied to the blockchain space [5].