Forward Industries announced that its SEC-registered shares are now available on the Solana blockchain through Superstate's Opening Bell platform, representing the first instance where a public company's equity can be utilized directly within decentralized finance ecosystems. This integration enables eligible ex-U.S. holders to post tokenized FWDI shares as collateral on Kamino, a prominent Solana-based lending protocol, allowing investors to borrow stablecoins against their equity while continuing to maintain exposure to FWDI stock performance.
The company differentiates this approach from synthetic tokenized stock models by directly tokenizing Forward's Class A Common Stock through Superstate, which operates as a registered SEC transfer agent. This direct tokenization methodology, supported by real-time price feeds from Pyth, establishes a foundation for expanded onchain equity functionality as regulatory guidance continues to evolve. The collaboration also provides existing shareholders with the option to hold their shares on Solana via Superstate's platform, offering an alternative to traditional shareholding methods.
This development follows Forward Industries' September 2025 initiation of a Solana treasury strategy dedicated to acquiring SOL and increasing SOL-per-share through customized strategies and active management of the company's treasury. The company's Solana treasury strategy receives support from industry-leading investors and operating partners, including Galaxy Digital, Jump Crypto, and Multicoin Capital. Additional information regarding the company's Solana treasury strategy is available at https://sol.forwardindustries.com.
The integration signifies a substantial advancement in connecting traditional equity markets with decentralized finance, potentially creating new liquidity options for shareholders while expanding the utility of public company stock in blockchain-based financial systems. As regulatory frameworks continue to develop around digital assets and tokenized securities, this implementation could serve as a model for other public companies seeking to integrate their equity with decentralized finance protocols, potentially transforming how traditional securities interact with emerging financial technologies.
