Reliance Global Adds Cardano To Digital Asset Treasury Following Initial Ethereum Purchase

Author: Benzinga Newsdesk | September 22, 2025 09:17am

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.

Posted In: RELI