Forward Industries announced that its SEC-registered shares are now accessible 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 permits eligible non-U.S. shareholders to deposit tokenized FWDI shares as collateral on Kamino, a prominent Solana-based lending protocol, allowing investors to borrow stablecoins against their equity positions while continuing to hold exposure to FWDI stock performance.
The company emphasizes that this approach differs from synthetic tokenized stock models by directly tokenizing Forward's Class A Common Stock through Superstate, which functions as a registered SEC transfer agent. This direct tokenization methodology, enhanced by real-time price data from Pyth, establishes a foundation for broader onchain equity capabilities as regulatory frameworks progress. The partnership additionally offers current shareholders the choice to maintain their shares on Solana via Superstate's platform.
This advancement follows Forward Industries' September 2025 launch of a Solana treasury strategy focused on acquiring SOL and increasing SOL-per-share through customized approaches and active management of corporate treasury assets. The company's Solana treasury initiative receives support from prominent investors and operational partners, including Galaxy Digital, Jump Crypto, and Multicoin Capital. Additional details regarding the company's Solana treasury strategy are available at https://sol.forwardindustries.com.
The integration marks a substantial progression in connecting traditional equity markets with decentralized finance, potentially generating new liquidity alternatives for shareholders while extending the functionality of public company stock within blockchain-based financial infrastructures. As regulatory structures continue to evolve concerning digital assets and tokenized securities, this implementation may provide a framework for other public companies exploring integration of their equity with decentralized finance protocols.
