Reliance (US:RELI) Globenewswireยท2025-09-22 13:15Core Insights - Reliance Global Group has completed its first purchase of Cardano (ADA) as part of its Digital Asset Treasury initiative, enhancing its digital asset portfolio with a focus on scalable and energy-efficient blockchain technology [1][2] - The company aims to build a diversified portfolio of leading digital assets, starting with Ethereum and now Cardano, to pursue long-term capital appreciation and remain at the forefront of blockchain innovation in the insurance and financial services sector [2][6] Company Strategy - The addition of Cardano reflects Reliance's commitment to assets with strong fundamentals and long-term potential, emphasizing sustainability and community-driven governance [3][5] - Reliance intends to pursue its treasury strategy with discipline and oversight, guided by its Crypto Advisory Board to ensure governance, custody, and compliance align with best practices [3][6] Cardano's Features - Cardano is recognized for its research-driven foundation, energy efficiency, and real-world use cases, distinguishing it from many other blockchain projects [3][5] - Key benefits of Cardano include its energy-efficient proof-of-stake consensus mechanism, layered architecture for simplified upgrades, and a governance model that allows ADA holders to vote on proposals [5][6] Future Outlook - The company expects that building a diversified digital asset treasury may enhance long-term capital allocation and shareholder value, with plans to selectively expand digital asset positions over time [6][7] - Reliance believes that disciplined execution and oversight can mitigate risks inherent in blockchain markets while complementing its Insurtech capabilities and broader strategy [6][8]