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Reliance Global Adds XRP to Its Digital Asset Holdings

Highlights:

  • Nasdaq-listed Reliance Global adds XRP to its treasury with Bitcoin and Ethereum.
  • XRP’s fast transactions, low fees, and energy efficiency make it a strategic asset.
  • Corporate adoption of XRP grows globally, which shows rising interest in blockchain integration.

Nasdaq-listed Reliance Global Group (NASDAQ: RELI) has added XRP to its digital asset treasury. This makes it one of the first U.S. public companies outside crypto to hold XRP. The company confirmed the move in an SEC filing on September 30. XRP joins its existing Bitcoin, Ethereum, and Cardano holdings. The SEC filing did not reveal the exact amount of XRP bought. However, pro-Ripple lawyer Bill Morgan shared on X that it may be worth around $17 million.

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Reliance explained that the XRP purchase is part of a larger plan to diversify its portfolio with blockchain assets that offer solid fundamentals and practical utility. Reliance’s Chairman and CEO, Ezra Beyman, said the token’s combination of fast transactions, scalability, and energy efficiency makes it a strategic addition for the firm’s long-term vision. “By adding XRP to our portfolio alongside Bitcoin, Ethereum, and Cardano, we are reinforcing Reliance’s role at the forefront of blockchain adoption,” Beyman said.

Reliance Invests in XRP for Faster, Efficient Payments

In the filing, the company explained that XRP is the fourth-largest cryptocurrency by market capitalization. It is widely used as a bridge asset for international payments. XRP is built for enterprise-grade applications and offers many benefits. Transactions usually settle in three to five seconds.

Moreover, fees are very low, which makes XRP good for small payments. Ripple works with banks and payment companies, helping XRP be used for global payments. Interestingly, XRP can handle over 1,500 transactions per second, which matches traditional payment networks. Its ledger uses minimal energy compared to proof-of-work blockchains, which makes it very energy-efficient.

Reliance Global Group mainly operates as an insurance brokerage and agency services provider. This makes its move into digital assets especially notable. Bill Morgan explained that the company’s step could signal future tokenized insurance products or blockchain-based payment solutions.

The SEC filing shows Reliance joining traditional companies exploring blockchain. XRP is growing as a bridge for global payments and tokenized finance. The price stayed mostly stable, but rising corporate use could speed adoption.

XRP Adoption Grows Among Global Companies as Treasury Holdings Expand

Corporate adoption of XRP is growing beyond the United States. Japanese gaming and blockchain firm Gumi Inc. recently raised $38 million, planning to allocate $13.5 million to its XRP treasury. The company’s Digital Asset Treasury initiative aims to boost shareholder value through cross-chain integrations, staking, and potential token appreciation.

Additionally, VivoPower recently raised $19 million by selling shares to expand its XRP treasury. This move further establishes XRP as a preferred digital reserve for public companies. Data from Crypto Treasury Tracker shows total XRP treasury holdings have risen to $11.5 billion. This highlights XRP’s growing appeal as a reserve asset for public companies.

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