Rumors About XRP Circulating Regarding a Major Company Listed on Nasdaq
Nasdaq-listed Reliance Global Group announced that it has added XRP to its treasury, expanding its digital asset portfolio.
In a filing with the U.S. Securities and Exchange Commission (SEC), the company confirmed its purchase of XRP, along with Bitcoin, Ethereum, and Cardano. The XRP investment is reportedly worth approximately $17 million.
The company described the addition of XRP as a “strategic step towards digital assets with strong fundamentals and real-world use cases.”
Analysts say Reliance's investments in XRP and other cryptocurrencies could indicate the company could be working on tokenized insurance policies or XRPL (XRP Ledger)-based payment integrations in the future. Similar initiatives have previously been announced by companies in the pharmaceutical and travel sectors.
In its statement, Reliance argued that its digital asset strategy is driven by the goal of creating innovation, stability, and shareholder value over the long term. XRP's advantages, such as low transaction costs, speed, and energy efficiency, were cited as key factors supporting the company's corporate digital finance strategy.
