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Reliance Global Group (RELI) Adds XRP to Digital Asset Treasury, Expanding Enterprise-Grade Blockchain Portfolio
Fourth-Largest Cryptocurrency Powers Cost-Efficient, Scalable Cross-Border Payments LAKEWOOD, NJ, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Reliance Global Group,
About this update from Reliance Global Group, Inc.
[{"type":"text","content":"Fourth-Largest Cryptocurrency Powers Cost-Efficient, Scalable Cross-Border Payments\nLAKEWOOD, NJ, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Reliance Global Group, Inc. (Nasdaq: RELI) (“Reliance”, “we” or the “Company”) today announced that it has completed a purchase of XRP, the native token of the XRP Ledger and the cryptocurrency used within the Ripple payment network. This transaction marks Reliance’s latest measured step in its Digital Asset Treasury (“DAT”) initiative, introducing diversified exposure to a top-tier asset recognized for its speed, scalability, and strong adoption in the global banking and financial services sector. The addition of XRP follows Reliance’s earlier treasury purchases of Bitcoin, Ethereum, and Cardano. Together, these holdings reflect the Company’s disciplined approach to building a diversified portfolio of digital assets that align with its long-term strategy of combining innovation, stability, and value. XRP is currently the fourth-largest cryptocurrency by market capitalization and is widely used as a bridge asset for international payments. Built for enterprise-grade applications, XRP provides: Speed: Transactions typically settle in 3–5 seconds.Low Cost: Transaction fees are fractions of a cent, making it efficient for micro-payments.Liquidity & Banking Use: Ripple’s partnerships with global banks and payment providers drive adoption for cross-border settlements and liquidity management.Scalability: Handles over 1,500 transactions per second, rivaling traditional payment networks.Energy Efficiency: XRP Ledger consensus uses minimal energy compared to proof-of-work blockchains. “Our strategy is to carefully build a treasury of digital assets with both strong fundamentals and real-world utility,” said Ezra Beyman, Chairman and CEO of Reliance Global Group. “XRP offers speed, efficiency, and proven value in global payments. By adding XRP to our portfolio alongside Bitcoin, Ethereum, and Cardano, we are reinforcing Reliance’s role at the forefront of blockchain adoption. We believe this disciplined diversification is designed to both capture the transformative potential of blockchain technology and to drive long-term shareholder value. With guidance from our Crypto Advisory Board, we are committed to balancing innovation with prudent governance, secure custody, and regulatory compliance. Our goal is t...