Reliance (US:RELI) Globenewswireยท2025-09-30 13:00Core Viewpoint - Reliance Global Group has completed the purchase of XRP, enhancing its Digital Asset Treasury initiative and diversifying its portfolio with a top-tier cryptocurrency recognized for its speed and scalability in cross-border payments [1][2][3] Group 1: Digital Asset Strategy - The addition of XRP follows previous purchases of Bitcoin, Ethereum, and Cardano, reflecting a disciplined approach to building a diversified digital asset portfolio [2][3] - The company aims to integrate digital assets into its broader strategy, merging innovative technologies with its established strengths in insurance and financial services [3][10] - Reliance emphasizes the importance of secure custody, transparent oversight, and regulatory compliance in managing its digital assets [3][10] Group 2: XRP Characteristics - XRP is the fourth-largest cryptocurrency by market capitalization and is widely used as a bridge asset for international payments [2] - Key features of XRP include transaction settlement in 3-5 seconds, low transaction fees, partnerships with global banks for liquidity management, scalability of over 1,500 transactions per second, and energy efficiency compared to proof-of-work blockchains [5][6] Group 3: Long-term Vision - The company believes that the disciplined diversification into digital assets will capture the transformative potential of blockchain technology and drive long-term shareholder value [3][6] - Reliance's strategy includes balancing innovation with prudent governance and compliance, aiming to enhance resilience, efficiency, and growth through blockchain participation [3][6]