Reliance Global Group Inc. (Nasdaq: RELI) announced on Nov. 25 that it shifted its digital asset treasury into zcash after completing a strategic review. The firm said the move followed a reassessment of its earlier multi-asset approach and resulted in a full realignment toward a single privacy-focused crypto.

The announcement states:

The company has fully exited its prior holdings and reallocated the proceeds into zcash, a leading privacy-preserving cryptocurrency built on Bitcoin’s foundational architecture.

The company cited its analysis that “emphasized that Zcash’s privacy-centric architecture built on the back of Bitcoin’s success, was a more exciting value proposition for shareholders than a diversified portfolio of institutionally adapted digital assets.”

These remarks marked a reversal from the company’s earlier effort to assemble a broad crypto mix. Its prior positions included bitcoin, ethereum, cardano, XRP, and solana— previously intended to build a diversified treasury aligned with innovation, stability, and long-term shareholder value. “Our decision to consolidate our DAT into Zcash reflects a high-conviction belief in ZEC’s long-term potential and its unique position at the convergence of cryptography, compliance, and financial privacy,” Reliance stated, signaling a pivot from its former accumulation strategy.

Read more: Grayscale Moves Toward First Zcash ETF With SEC Filing

The firm now points to zcash’s selective disclosure tools, dual-transaction structure, and zero-knowledge cryptography as better suited for institutional requirements than maintaining multiple assets. It added that privacy-enabled digital assets may increasingly complement corporate risk management and treasury design. Advocates for crypto diversification argue that even with this shift, broader exposure across digital networks can still help companies balance market cycles, capture emerging utility, and maintain resilience as adoption expands.

• Why did Reliance Global Group exit its multi-asset crypto strategy?
  The firm determined that a single high-conviction position in zcash better aligned with its updated strategic review.
• What assets were sold before reallocating into zcash?
  The company exited from other crypto holdings, including bitcoin, ethereum, cardano, XRP, and solana.
• What features of zcash appealed to the company?
  Zcash’s selective disclosure, zero-knowledge cryptography, and dual-transaction design were seen as superior for institutional needs.
• How does the company view privacy-enabled crypto for treasury management?
  Reliance believes privacy-focused assets can enhance risk management and expand corporate treasury flexibility.

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