PANews reported on September 16th that, according to Globenewswire, insurance technology company Reliance Global Group, Inc. (NASDAQ: RELI) announced that its board of directors has approved its strategic expansion into the digital asset and blockchain sectors. As part of this plan, the company plans to build a diversified investment portfolio that includes cryptocurrencies such as 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 will be subject to market and other conditions. Furthermore, Reliance is exploring opportunities to tokenize insurance-related assets.