LAKEWOOD, NJ, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI) ("Reliance", "we" or the "Company") today announced that it has completed its first purchase of Cardano (ADA) under its recently launched Digital Asset Treasury ("DAT") initiative. With this investment, Reliance strengthens its digital asset treasury by adding Cardano, recognized for its peer-reviewed, scalable blockchain, energy-efficient proof-of-stake design, and growing real-world adoption.
This purchase follows Reliance's initial purchase of Ethereum (ETH) earlier this month and reflects the Company's ongoing commitment to building a diversified portfolio of leading digital assets. Reliance's DAT initiative is designed to pursue long-term capital appreciation while positioning the Company at the forefront of blockchain innovation in the insurance and financial services sector.
Cardano is one of the world's top ten cryptocurrencies by market capitalization and stands apart for its research-driven foundation, energy efficiency, and real-world use cases. Unlike many blockchain projects, Cardano was developed from the ground up using peer-reviewed academic research and formal verification methods, ensuring each protocol upgrade is robust and scientifically validated.
Key benefits of Cardano include:
- Energy-efficient Proof-of-Stake: Ouroboros consensus is secure, sustainable, and scalable.
- Layered architecture: Separation of transaction and smart contract layers simplifies upgrades.
- Governance and interoperability: ADA holders vote on proposals, with full decentralization underway.
- Real-world adoption: Partnerships in developing nations, including blockchain-based IDs in Ethiopia.
- Sustainability: Treasury model funds ongoing development without external reliance.
Ezra Beyman, Chairman and CEO of Reliance Global Group, stated, "Adding Cardano to our digital asset treasury reflects our commitment to assets that combine strong fundamentals with long-term potential. Cardano's emphasis on sustainability, rigorous development, and community-driven governance makes it a compelling addition to our strategy. Unlike many companies that approach digital assets opportunistically, Reliance intends to pursue its treasury strategy with discipline and oversight. Our Crypto Advisory Board will continue to guide decisions such as this purchase, ensuring that governance, custody, and compliance remain aligned with best practices. We plan to strategically expand our digital asset position, focusing on quality over quantity and prioritizing long-term value creation for shareholders. By taking this measured approach, we believe Reliance is well-positioned to harness the benefits of blockchain innovation while reinforcing our broader vision of blending insurance technology with the possibilities of decentralized finance."
Reliance has built its reputation on applying advanced technologies, including artificial intelligence, analytics, and modern distribution platforms, to deliver innovative insurance solutions through RELI Exchange and 5MinuteInsure.com. Extending this expertise to blockchain is the next step, as the Company works to unite Insurtech with decentralized finance and unlock new opportunities for growth.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by terminology such as "may," "should," "could," "would," "will," "expect," "anticipate," "intend," "plan," "believe," "estimate," "continue," "potential," and similar expressions. Forward-looking statements in this press release include, without limitation, statements regarding:
- our expectation that building a diversified digital asset treasury-beginning with Ethereum and now Cardano (ADA)-may enhance long-term capital allocation and shareholder value;
- our intention, subject to market conditions and governance approvals, to selectively expand digital asset positions over time;
- our belief that disciplined execution, including oversight by the Crypto Advisory Board, robust custody, and compliance processes, can mitigate certain risks inherent in blockchain markets;
- our expectation that learnings from blockchain initiatives may complement our Insurtech capabilities and broader strategy; and
- other statements regarding future financial performance, business strategy, technology developments, capital allocation, and operational execution.
These forward-looking statements are based on a number of assumptions, including that: (i) we can continue to implement our digital asset treasury strategy as approved by our Board; (ii) cryptocurrency and blockchain markets remain accessible and sufficiently stable for execution; (iii) regulatory, accounting, tax, and market infrastructure evolve in a manner that permits corporate participation; and (iv) no material adverse changes occur in market, economic, or regulatory conditions. Actual results may differ materially due to, among other things: volatility or declines in cryptocurrency markets; execution, liquidity, or custody challenges; cybersecurity risks; regulatory, accounting, or tax developments adversely affecting digital asset holdings or related initiatives; and competitive dynamics across Insurtech, blockchain, and digital-asset markets, as well as the factors described under "Risk Factors" in our filings with the Securities and Exchange Commission.
Actual results could differ materially from those anticipated due to a variety of risks and uncertainties, including: volatility or declines in cryptocurrency markets; challenges in executing and managing digital asset investments; regulatory or accounting changes that adversely impact digital asset holdings or blockchain-based initiatives; technological risks related to custody, cybersecurity, or blockchain integration; competitive pressures from Insurtech, blockchain, or digital asset market participants; and other factors described under "Risk Factors" in our Registration Statement on Form S-1, Annual Report on Form 10-K, and other filings with the Securities and Exchange Commission.
You are encouraged to carefully review our Annual Report on Form 10-K for the year ended December 31, 2024, as amended, as well as other SEC filings, for a more complete discussion of these and other risks and uncertainties. Except as required by law, Reliance Global Group Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact:
Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: RELI@crescendo-ir.com
