Reliance Global completes initial Cardano purchase

Reliance Global (RELI) Group completed its first purchase of Cardano (ADA-USD) under its recently launched Digital Asset Treasury 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 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.