Forward Industries Enables First SEC-Registered Equity for DeFi Use on Solana Blockchain

Forward Industries, Inc. (NASDAQ: FWDI) announced that its SEC-registered shares are now accessible on the Solana blockchain through Superstate's Opening Bell platform. This development represents the first instance where a public company's equity can be utilized directly within decentralized finance ecosystems. The tokenized FWDI shares enable eligible non-U.S. holders to post them as collateral on Kamino, a prominent Solana-based lending protocol. According to the company, this integration permits investors to borrow stablecoins against their equity while retaining exposure to FWDI stock. The system is supported by real-time price feeds from Pyth, ensuring accurate valuation of the tokenized assets.

The approach distinguishes itself 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 method provides a regulatory-compliant framework for onchain equity representation. The collaboration establishes a foundation for expanded onchain equity functionality as regulatory guidance continues to evolve. It also offers existing shareholders the option to hold their shares on Solana via Superstate's platform, potentially increasing liquidity and accessibility. For more information on the company's Solana treasury strategy, visit https://sol.forwardindustries.com.

Forward Industries initiated a Solana treasury strategy in September 2025 dedicated to acquiring SOL and increasing SOL-per-share through bespoke strategies and active management of the company's treasury. This strategy is supported by industry-leading investors and operating partners, including Galaxy Digital, Jump Crypto, and Multicoin Capital. The latest news and updates relating to FWDI are available in the company's newsroom at https://ibn.fm/FWDI. This development marks a significant step toward bridging traditional equity markets with decentralized finance, potentially paving the way for other public companies to explore similar integrations as regulatory frameworks become clearer.