Reliance (US:RELI) Globenewswireยท2025-09-17 13:12Core Viewpoint - Reliance Global Group has initiated its Digital Asset Treasury initiative by acquiring Ethereum, marking the first step in building a diversified digital asset portfolio, with plans to include Bitcoin and Solana in the future [1][4]. Group 1: Digital Asset Strategy - The company aims to fund its digital asset activities through cash reserves and approved corporate financing tools, focusing on long-term capital appreciation via blockchain participation [2]. - Reliance has established a Crypto Advisory Board to oversee and guide its digital asset initiatives, ensuring effective risk management and governance [3]. Group 2: Management Statements - The CEO emphasized that the Ethereum purchase is a significant milestone, showcasing the company's commitment to enhancing operational systems for digital asset management, including custody and compliance [4]. - The company believes that blockchain technology is transforming finance and insurance, and the Crypto Advisory Board will provide necessary oversight for responsible execution of its digital asset strategy [4]. Group 3: Innovation and Integration - Reliance has a history of leveraging AI and innovative distribution models in insurance and aims to apply similar innovations within the blockchain ecosystem, positioning itself at the intersection of InsurTech and decentralized finance [4].