Reliance Global Group announced it has signed a non-binding term sheet to acquire a controlling interest in Enquantum Ltd., positioning the proposed deal as the first transaction under a newly established subsidiary, EZRA International Group, that will target controlling stakes in high-tech businesses.
The Lakewood, New Jersey-based insurtech company said the contemplated investment is structured as a milestone-based process that would unfold over the next twelve months, subject to due diligence, definitive documentation, and customary closing conditions. Reliance emphasized there is no assurance a definitive agreement will be reached or that a transaction will close.
Alongside the term sheet, Reliance disclosed it executed a secured promissory note on January 15, 2026, described as an advance toward initial funding if a definitive agreement is signed. The note is secured by all of Enquantum’s assets and is payable within 60 days from issuance if the parties do not enter into a definitive agreement. If a definitive agreement is executed, Reliance said the outstanding balance would be applied against the first two payment milestones.
Reliance framed the transaction around the accelerating push toward post-quantum cryptography, citing the risk that advances in quantum computing could undermine current encryption standards that protect financial networks, cloud infrastructure, artificial intelligence workloads, telecommunications systems, and government communications. Enquantum, the company said, is developing NIST-compliant post-quantum cryptographic hardware cores intended to improve speed, power efficiency, and security relative to software-only approaches, with a stated objective of supporting terabit-level Ethernet speeds to reduce performance tradeoffs during migration.
Reliance also highlighted Enquantum’s intellectual property, noting the company received a 2025 patent related to FPGA-based encrypted communications that includes hash-based encryption techniques described as quantum-resistant.
Reliance said it views the addressable market for post-quantum security as spanning hyperscale and AI-driven data centers, financial services, telecommunications, government and defense networks, and long lifecycle critical infrastructure, where performance and compliance requirements can favor hardware-accelerated approaches. The company reiterated that the proposal remains subject to ongoing diligence and final negotiations, and that it will provide updates in line with disclosure requirements.
KEY QUOTES
“Quantum computing represents a rare inflection point where technological progress directly undermines the security assumptions of the modern digital economy. When that line is crossed, existing encryption standards don’t weaken gradually—they break. Enquantum is building a solution designed for that moment: quantum-resilient, performance-driven, and deployable at enterprise scale, aligned with EZRA International Group’s focus.”
Ezra Beyman, Chairman and Chief Executive Officer, Reliance Global Group
“We believe that post-quantum cryptography will be one of the largest forced technology transitions in the cybersecurity industry. The market for PQC is rapidly increasing and is expected to reach $2.84 Billion by 2030 as new cyber regulation begins to take effect. In order to adequately protect data from the quantum computing risk exposure, PQC has to be in place long before the current cyber security infrastructure is challenged by the impending introduction of quantum computing. Even before current encryption standards begin to fail, organizations won’t debate whether to upgrade, they will have no alternative. The early capital advance reflects our confidence while maintaining appropriate structural protections.” “What makes Enquantum compelling is that it is developing a solution that doesn’t just identify the problem, we believe it addresses it in a way the market can adopt. We believe that hardware-accelerated, quantum-resilient security at scale is exactly what data centers, financial institutions, AI infrastructure providers, and government networks will need. EZRA International Group was formed to capture potential value from these kinds of structural shifts.”
Moshe Fishman, Director of Operations, Reliance Global Group
