Forward Industries, Inc. (NASDAQ: FWDI) announced that its SEC-registered shares are now live on the Solana blockchain through Superstate’s Opening Bell platform, marking the first time a public company’s equity can be used directly within decentralized finance. Tokenized FWDI shares are available for eligible ex-U.S. holders to post as collateral on Kamino, a leading Solana-based lending protocol. The company said the integration allows investors to borrow stablecoins against their equity while maintaining exposure to FWDI stock, supported by real-time price feeds from Pyth.
This development distinguishes itself from synthetic tokenized stock models by directly tokenizing Forward’s Class A Common Stock through Superstate, a registered SEC transfer agent. Forward said the collaboration establishes a foundation for expanded onchain equity functionality as regulatory guidance evolves and provides existing shareholders the option to hold their shares on Solana via Superstate’s platform. For more details, visit https://ibn.fm/GxBsf.
Forward Industries is a global design company serving top tier medical and technology companies. In September 2025, Forward Industries initiated a Solana treasury strategy dedicated to acquiring SOL and increasing SOL-per-share through bespoke strategies and active management of the company’s treasury. The Company’s Solana treasury strategy is supported by industry leading investors and operating partners, including Galaxy Digital, Jump Crypto, and Multicoin Capital. For more information on the Company’s Solana treasury strategy, visit sol.forwardindustries.com.
The ability to use tokenized equity as collateral in DeFi opens new avenues for liquidity and capital efficiency, potentially transforming how public equities interact with blockchain-based financial systems. As regulatory frameworks continue to evolve, this integration could serve as a blueprint for other publicly traded companies seeking to bridge traditional finance with decentralized markets. Forward Industries’ move positions it at the forefront of this convergence, leveraging Solana’s high-speed and low-cost infrastructure to offer novel financial products to eligible investors outside the United States.
