Summary
- Reliance Global Group announced plans to enter the market for crypto assets and blockchain-based insurance-linked assets.
- With board approval, it said it would create an investment portfolio of up to $120,000,000 in major crypto assets including Bitcoin, Ethereum, and Solana.
- The investment plan will be divided into two rounds, with $60,000,000 invested in each round, and it said it would also pursue a tokenization business for insurance-linked assets.
Reliance Global Group announced on the 15th (local time) that it will make a full-scale entry into the crypto asset (cryptocurrency) and blockchain-based insurance-linked assets (Insurance-Linked Assets) market.
Reliance Global, with board approval, plans to build an investment portfolio of up to $120,000,000 centered on major crypto assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The plan will be carried out in two phases, with $60,000,000 invested in each phase.
Furthermore, Reliance Global also intends to pursue a tokenization business for insurance-linked assets.
Uk Jin
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