EXCLUSIVE: Reliance Global transfers all its digital assets to Zcash, a privacy-focused platform
Reliance Global Group, Inc. (NASDAQ: RELI) announced on Tuesday that it has completed a strategic realignment of its Digital Asset Treasury (DAT) by consolidating its digital asset position in Zcash (ZEC).
The company has completely divested its previous holdings and has reallocated the profits to Zcash, a leading cryptocurrency that preserves privacy and is built on the foundational architecture of Bitcoin.
This decision follows a comprehensive strategic review in which the company, along with Blake Janover, president of the Crypto Advisory Board, determined, after an in-depth assessment, that Zcash presented the most attractive opportunity for a long-term digital asset treasury (DAT) strategy.
The analysis emphasized that Zcash's privacy-focused architecture, built on the success of Bitcoin, was a more compelling value proposition for shareholders than a diversified portfolio of institutionally tailored digital assets.
"Many in Silicon Valley believe that Zcash is in its early stages, and the case is compelling," said Janover.
Zcash combines robust security, optional privacy, and institutional-level flexibility in a way that distinguishes it from other major blockchain networks.
Its dual transaction model, which allows for transparent and privacy-focused activity, provides organizations with confidentiality when needed and preserves the ability to meet regulatory expectations; it puts control in the hands of asset owners.
These attributes make Zcash a strong strategic choice for Reliance's long-term digital asset treasury, leading the company to adopt a single-asset focused approach. $ZEC
