Forward Industries (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, with tokenized FWDI shares 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, and 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.
At a glance
- Company
- Forward Industries, Inc.
- Ticker
- NASDAQ: FWDI
- Announcement
- Partnership
Products and programs
To view the full press release, visit https://ibn.fm/GxBsf
About Forward Industries, Inc.
Forward Industries, Inc. is a global design company serving top tier medical and technology companies. For over 60 years the company has been successful in developing and producing a portfolio of outstanding products for some of the world’s leading companies and brands. 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.
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In brief
Forward Industries says its SEC-registered Class A shares are now available on Solana through Superstate’s Opening Bell platform. Eligible holders outside the U.S. can use tokenized FWDI shares as collateral on Kamino, a Solana-based lending protocol, to borrow stablecoins while retaining exposure to the stock. The company says Pyth provides real-time price feeds and that the shares are directly tokenized through Superstate, which it identifies as a registered SEC transfer agent. Existing shareholders can also choose to hold shares on Solana through the platform. Forward describes the integration as a basis for adding onchain equity functions as regulatory guidance develops. The company also says it began a Solana treasury strategy in September 2025.
Key takeaways
- Forward Industries says its SEC-registered Class A shares are live on Solana through Superstate’s Opening Bell.
- Eligible ex-U.S. holders can post tokenized FWDI shares as collateral on Kamino to borrow stablecoins.
- Pyth provides real-time price feeds for the collateral arrangement, according to the company.
- The company says shareholders can opt to hold shares on Solana and that further functions may develop as regulatory guidance evolves.
