Reliance Global Group Launches Digital Asset Treasury with Initial Ethereum Purchase

Reliance Global Group, Inc. has completed its first digital asset purchase under its newly launched Digital Asset Treasury initiative, acquiring Ethereum as the initial step in building a diversified digital asset portfolio. The company plans future investments in leading cryptocurrencies including Bitcoin and Solana, funded through cash reserves and approved corporate financing tools. This strategic initiative aims to achieve long-term capital appreciation through blockchain-based participation, representing a significant expansion of the company's investment strategy.

The company has established a dedicated Crypto Advisory Board to provide guidance on oversight, risk management, and execution of digital asset initiatives. This board will offer expertise in treasury management, blockchain integration, and governance practices essential for the company's expansion into digital assets. The formation of this advisory body underscores the comprehensive approach Reliance is taking to ensure proper governance and risk mitigation in its digital asset ventures.

Ezra Beyman, Chairman and Chief Executive Officer of Reliance Global Group, emphasized that this initial Ethereum transaction represents an important milestone in the company's expansion into digital assets. The purchase demonstrates the company's commitment to ensuring that operational systems covering custody, governance, accounting, and compliance are properly equipped to support this strategy on a larger scale. Reliance expects to continue purchasing Ethereum and other digital assets in measured increments, applying a disciplined approach to capital allocation as the treasury position develops over time.

The company's entry into Ethereum reflects its conviction that blockchain technology is rapidly shaping the future of both finance and insurance. With the oversight of the Crypto Advisory Board, Reliance believes this strategy provides shareholders with a forward-looking opportunity while maintaining focus on responsible execution and risk management. This move represents the company's application of its innovative approach to the blockchain ecosystem, seeking to pioneer the convergence of InsurTech and decentralized finance.

Reliance has a history of leveraging artificial intelligence, data mining, and innovative distribution models through its platforms including RELI Exchange and 5MinuteInsure.com to deliver competitive, technology-enabled insurance solutions. The Digital Asset Treasury initiative extends this innovative approach to the blockchain space, potentially positioning the company at the forefront of insurance technology integration with emerging digital asset markets. This strategic direction may influence how traditional insurance companies approach blockchain technology and digital asset investments in the future.