Forward Industries (NASDAQ: FORD), a company that manages one of the largest Solana (SOL) treasuries among publicly traded firms, has engaged IBN, a financial news and publishing firm, to enhance its corporate communications strategy. The announcement comes as the company continues to expand its Solana-focused initiatives, including tokenizing its common stock on the Solana blockchain.
As of Oct. 15, 2025, Forward Industries holds over 6.87 million SOL, having deployed approximately $1.59 billion into SOL at a net cost of $232.08 per token. Nearly all holdings are staked through native Solana infrastructure, generating over 1,000 SOL in daily revenue. The company operates an institutional-grade validator with DoubleZero that delivers a 7.01% gross APY. This staking revenue stream underscores the company's active treasury management strategy, which aims to increase SOL-per-share for shareholders.
Forward Industries is backed by prominent crypto investors, including Multicoin Capital, Galaxy Digital, and Jump Crypto. The company is also tokenizing its common stock on Solana through a partnership with Superstate, enabling 24/7 trading and real-time settlement. This move positions Forward Industries as an institutional gateway to the Solana ecosystem, potentially attracting more traditional investors to the blockchain.
The engagement with IBN is intended to amplify the company's corporate communications, ensuring that its strategic developments and financial performance are effectively conveyed to the investment community. IBN is a multifaceted firm that provides news dissemination and publishing services for private and public entities.
The full press release detailing the engagement is available at https://ibn.fm/YNRL9. Forward Industries' Solana treasury strategy, initiated in September 2025, is supported by industry-leading investors and operating partners. The company's forward-looking statements caution that actual results may differ materially due to risks and uncertainties, as detailed in its SEC filings.
This development matters because it highlights the growing trend of public companies adopting cryptocurrency treasury strategies, particularly on the Solana network. Forward Industries' large SOL holdings and staking operations demonstrate a significant commitment to digital assets, potentially influencing other corporations to follow suit. The tokenization of its stock also represents a pioneering step toward integrating traditional equity markets with blockchain technology, which could enhance liquidity and accessibility for investors.
