A Revolution Inside Wall Street Digital:
#Reliance surprises
#الأسواق and fully converts its encrypted treasury to Zcas
In an unexpected move that turned market calculations upside down, Reliance Global Group, listed on the Nasdaq and specializing in insurance technology, announced the full conversion of its treasury of digital assets to Zcash (ZEC), becoming one of the first major American companies to fully bet on privacy coins.
This decision came after an in-depth strategic review led by the company's encryption advisory board, concluding that Zcash represents the 'most powerful opportunity' for a long-term digital asset treasury strategy.
Moshe Fishman, a member of the advisory board, stated in a press release on November 25:
'Choosing Zcash stems from a strong conviction in its future potential and unique position at the intersection of privacy, compliance, and advanced encryption.'
The company had adopted a diversification strategy since September that included Bitcoin as a primary asset alongside Ethereum, Cardano,
#XRP , and Solana— with the recent investment in Solana before the sudden shift towards a more focused approach.
$XRP