Reliance Global Group plans to invest $120 million in digital assets

According to Wu, Reliance Global Group, Inc. announced the board of directors approved the expansion to the digital asset and blockchain sector. The company plans to build a diversified portfolio, including cryptocurrencies such as Bitcoin, Ethereum and Solana. The company plans to purchase up to $60 million in digital assets in the first phase, followed by up to $60 million, totaling up to $120 million. These assets will be managed by the newly formed cryptocurrency advisory board and are subject to markets and other conditions. In addition, Reliance is exploring opportunities to tokenize insurance-related assets.