Forward Industries Plans to Tokenize Stock on Solana via Superstate

4 weeks ago

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Beyond the Rising ETH and Solana Price – Investors Bet on Digitap

Forward Brings Equity Onchain

Forward Industries (Nasdaq: FORD), the company with the largest corporate Solana treasury, announced plans on Monday to bring its own equity to the blockchain. The firm has partnered with fintech company Superstate to tokenize FORD stock on Solana through Opening Bell, a regulated issuance platform that enables public companies to tokenize shares.If implemented, the initiative would allow shareholders to bridge common stock between traditional brokerage accounts and Solana wallets. The move could unlock 24/7 trading, near-instant settlement, and new pools of global liquidity. While Forward presented the plan as a breakthrough, the company has not confirmed whether U.S. regulators have signed off on the use of tokenized equity. Cointelegraph said it had reached out for clarification but received no response by publication time.

Investor Takeaway

Tokenizing Nasdaq-listed equity could make FORD a case study for bridging traditional finance and DeFi. Execution depends on regulatory approval and shareholder adoption.

Expanding into DeFi Lending

Forward Industries available as collateral in decentralized finance. The company is working with Solana-based lending protocols Drift, Kamino, and Jupiter Lend to establish FORD equity tokens as eligible collateral. If successful, this would let investors borrow against their tokenized holdings, adding liquidity and expanding use cases for the stock.

“This reinforces our conviction that Solana will sit at the core of capital markets,” said Kyle Samani, chairman of Forward’s board. “It also gives our shareholders direct participation in the tokenized economy of the future.”

The approach mirrors broader efforts across DeFi to integrate real-world assets, from . If FORD stock gains traction as collateral, it would represent one of the first examples of publicly listed equity circulating in decentralized markets.

Deepening Solana Strategy

The announcement follows a string of aggressive Solana-focused moves. On Sept. 8, Forward closed a $1.65 billion private investment in public equity (PIPE) deal, backed by Galaxy Digital, Jump Crypto, and Multicoin Capital, to build the largest corporate Solana treasury. Shortly later than, the company filed for an at-the-market ( of up to $4 billion, giving it the ability to trade shares over time to strengthen its Solana reserves.

Forward’s treasury now holds roughly 17.11 million SOL, worth about $4 billion, equal to nahead 3% of Solana’s total token supply. This makes it not only the holder but also a key force in consolidating institutional exposure to the network.

By tying its equity to Solana and exploring DeFi integrations, Forward is positioning itself as a bridge between Nasdaq-listed stocks and blockchain-native capital markets. If regulators approve and institutional investors adopt, the company could set a precedent for other firms with large crypto equity as part of their strategy.

Investor Takeaway

Forward is betting large on Solana—already holding 3% of supply and now moving equity onchain. For investors, this could be transformative, but regulatory risk remains high.

What’s Next

The success of Forward’s plan will depend on regulatory clarity and shareholder willingness to embrace tokenized equity. A green light would allow FORD stock to become both a security and a DeFi asset, traded globally with quicker settlement and used as lending collateral. A setback, however, could highlight the limits of tokenizing regulated equities in the current U.S. environment.

4 weeks ago

0 16 2 minutes read