- Nasdaq-listed Reliance Global Group recently announced its acquisition of XRP to diversify its digital asset treasury, which already includes Bitcoin, Ethereum, and Cardano.
- The InsurTech company’s decision was influenced by the token’s speed, scalability, reliability, and vast use cases, especially in banking and finance.
Reliance Global Group, a Nasdaq-listed company, has announced the completion of its XRP purchase. In its disclosure dated September 30, 2025, the InsurTech (Insurance Technology) company revealed that the move is part of its “measured step,” aligning with its digital asset treasury (DAT) initiative.
The company didn’t mention the exact amount of XRP it recently acquired. However, sources like MEXC claimed the InsurTech specialist spent $17 million on the purchase.
The XRP accumulation expands Reliance’s digital asset holdings, which already include Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA). The business’s diversified cryptocurrency portfolio reflects its strategy focused on long-term building and balancing innovation, stability, and value.
Reliance’s Reason for Adopting XRP
Reliance highlighted that it grounded its decision to adopt XRP from the crypto asset’s trusted and proven speed, scalability, reliability, and solid use cases in the global banking and financial services sector.
The token powering the XRP Ledger (XRPL) ecosystem stands out from standard cross-border payment systems due to its near real-time settlement that only takes three to five seconds to complete. Meanwhile, its chain can process up to 1,500 transactions each second. Additionally, each transaction on XRPL often costs less than $0.01 or 0.00001 XRP.
Basically, XRP trumps other institutional-grade cross-border payment mediums offered by traditional finance (TradFi) in speed and efficiency. SWIFT, the widely used international messaging system, takes one to five business days to settle payments with fees ranging from a few dollars to $50. The figures don’t even count the conversion fees that typically add 2% to 3% on top of the cost.
Moreover, Reliance emphasized XRPL’s minimal energy requirement compared to proof-of-work (PoW) blockchains.
XRP DATs Surpass $11.5 Billion in Valuation
Reliance joins other companies already utilizing the token to boost their digital coffers or operations. China’s Webus International, Samara Alpha, and Air China were among the latest to integrate the asset into their businesses. VivoPower, a sustainable energy solutions provider, has also started raising capital for its planned $100 million initial XRP purchase to supercharge its DAT strategy.
Seeking Alpha estimates that corporate treasuries now hold over $11.5 billion worth of XRP. More institutional exposure to XRP is expected once the US Securities and Exchange Commission (SEC) approves the pending requests for crypto exchange-traded funds (ETFs) that track the token—in addition to the recently launched Rex-Osprey XRPR fund.
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