- Reliance invests $17 million in XRP, boosting institutional blockchain confidence.
- XRP gains momentum as major insurance firm expands digital asset holdings.
- Pro-crypto lawyer Bill Morgan applauds Reliance’s strategic XRP acquisition.
XRP has recorded a significant institutional endorsement after Reliance Global Group, Inc. confirmed a major investment in the digital asset. The Nasdaq-listed company disclosed in a filing with the U.S. Securities and Exchange Commission on September 30, 2025, that it had added XRP to its growing digital asset treasury.
According to Reports, the value of the purchase is around $17 million, signaling a strong vote of confidence in XRP from a publicly traded U.S. company. The move positions Reliance Global Group among a small but expanding group of institutions diversifying their holdings with blockchain-based assets.
The company, known for its insurance brokerage and financial services, stated that it targets digital assets with robust fundamentals and practical real-world use cases. XRP’s fast settlement time, scalability, and efficiency in facilitating international payments fit neatly into this strategy.
By joining Bitcoin, Ethereum, and Cardano in Reliance’s portfolio, XRP strengthens its standing as an enterprise-ready digital asset.
Also Read: Pundit: ETF Liquidity Surge Could Drive XRP 30–50% Upside
Pro Crypto Lawyer Bill Morgan Praises Institutional Confidence in XRP
Pro-crypto lawyer Bill Morgan reacted positively to the announcement, calling it another sign of growing institutional confidence in XRP. In a post shared on social media, he highlighted the significance of a regulated, Nasdaq-listed company committing such a large investment to XRP.
According to Morgan, this move validates XRP’s credibility as a bridge currency for cross-border settlements and liquidity management.
He added that Reliance’s interest in XRP may go beyond holding the token as a treasury asset. Given the company’s background in insurance and financial technology, Morgan suggested that XRP could play a role in future integrations such as tokenized insurance policies or blockchain-based payment systems.
The lawyer’s remarks reflect a broader sentiment within the crypto community that institutional participation is a turning point for XRP. Reliance Global Group’s multimillion-dollar investment not only strengthens XRP’s market position but also reinforces its role in shaping the future of digital finance.
Also Read: Massive $17,700,000 XRP Long Wipeout – What’s Happening?
