Forward Industries Reports Strong Solana Treasury Performance and DeFi Integration Milestones

Forward Industries (NASDAQ: FWDI) provided an update on its Solana-focused treasury strategy and recent operational milestones, reporting that since initiating its Solana treasury program in September 2025 the Company has generated more than 133,450 SOL in staking rewards while compounding SOL per share through disciplined deployment and on-chain yield generation. As of Jan. 15, 2026, Forward Industries held more than 6.98 million SOL in liquid treasury assets, with nearly all holdings staked through its validator infrastructure, generating a gross annual percentage yield of 6.73% before fees and outperforming top peer validators.

During December, the Company announced that its SEC-registered shares became live on the Solana blockchain through Superstate’s Opening Bell platform, marking the first instance of a public company’s equity being usable directly within decentralized finance (“DeFi”), and also began testing its PropAMM on Solana with support from Galaxy Digital and infrastructure input from Jump Crypto. Management noted the Company maintains sufficient operating capital and carries no corporate debt. For more information on the Company’s Solana treasury strategy, visit sol.forwardindustries.com.

The significance of this announcement lies in the demonstration of how traditional corporations can leverage blockchain technology for treasury management and capital efficiency. By generating substantial staking rewards—over 133,450 SOL since September 2025—Forward Industries showcases a viable model for corporate treasuries to participate in the digital asset ecosystem while maintaining regulatory compliance. The 6.73% gross annual percentage yield before fees, which reportedly outperforms top peer validators, suggests competitive returns compared to traditional fixed-income investments, potentially influencing other public companies to explore similar strategies.

Perhaps more importantly, the integration of SEC-registered shares on the Solana blockchain through Superstate’s Opening Bell platform represents a landmark development in financial infrastructure. This marks the first time a public company’s equity is directly usable within DeFi protocols, bridging traditional securities markets with decentralized finance. This innovation could pave the way for increased liquidity, programmable financial instruments, and new capital formation mechanisms that combine regulatory oversight with blockchain efficiency. The testing of PropAMM on Solana with support from established firms like Galaxy Digital and Jump Crypto further indicates institutional validation of these convergence efforts.

The operational update matters because it signals a maturation of corporate blockchain adoption beyond speculative investment into practical treasury management and capital markets innovation. With no corporate debt and sufficient operating capital, Forward Industries positions its Solana strategy as a value-creation initiative rather than a necessity, potentially setting a precedent for how companies manage digital assets on their balance sheets. The implications extend beyond financial performance to potentially reshape how public companies interact with blockchain ecosystems, creating new pathways for shareholder value through technological integration rather than mere asset accumulation.