Reliance Global acquires Solana to boost digital asset treasury
Reliance Global Group purchased Solana tokens as part of its Digital Asset Treasury program to expand blockchain exposure. The company has added Bitcoin, Ethereum, Cardano, and XRP to its holdings before acquiring the Solana network’s native cryptocurrency.
Moshe Fishman serves on the advisory board at Reliance and directs insurtech operations. He said the network’s performance characteristics align with treasury objectives while supporting governance and compliance standards.
Blockchain applications are gaining traction across insurance operations. Anthea raised $22 million this month to develop an Ethereum-based life insurance product after receiving preliminary approval from Bermuda’s financial regulator.
Re operates a decentralized reinsurance platform on the Avalanche blockchain infrastructure. The company has processed $168 million in coverage since launch and offers automated underwriting through distributed ledger technology.
