Reliance Global Group, Inc. (NASDAQ: RELI), an insurance technology company, announced that its board of directors has approved its strategic expansion into the digital asset and blockchain sectors. As part of this initiative, the company plans to build a diversified portfolio of cryptocurrencies, including Bitcoin, Ethereum, and Solana. Under the company's new digital asset funding strategy, the company plans to purchase up to $60 million in digital assets in the first phase, followed by an additional $60 million, for a total of up to $120 million. These assets will be managed by the company's newly established Cryptocurrency Advisory Committee and subject to market and other conditions. Additionally, Reliance is exploring opportunities to tokenize insurance-related assets. (Globe Newswire)