Catenaa, Sunday, September 28, 2025- Forward Industries, a leading Solana-focused treasury company, announced plans to tokenize its Nasdaq-listed stock on the Solana blockchain through Superstate’s Opening Bell platform.
The initiative will allow shareholders to convert common stock into tokenized FORD shares, enabling 24/7 trading, near-instant settlement, and expanded global liquidity.
The move positions Forward as one of the first public companies to issue on-chain equity, reinforcing its strategy to integrate traditional finance with decentralized infrastructure.
Forward also plans to take an equity stake in Superstate and collaborate on further product development.
The company is working with Solana-based protocols such as Drift, Kamino, and Jupiter Lend to allow tokenized shares to be used as collateral in lending systems.
The tokenization follows Forward’s $1.65 billion private investment in public equity (PIPE) financing led by Galaxy Digital, Jump Crypto, and Multicoin Capital, funding the purchase of 6.8 million SOL tokens.
Forward has also filed plans for a $4 billion at-the-market equity program with Cantor Fitzgerald to raise additional capital for Solana acquisitions and working capital.
Forward’s co-founder Kyle Samani described the initiative as a step toward becoming an “on-chain-first” enterprise, placing Solana at the core of global capital markets.
Superstate CEO Robert Leshner said the partnership marks the start of Solana hosting tokenized public equities.
The announcement coincides with growing institutional adoption of Solana, highlighted by multi-million-dollar purchases by Galaxy Digital, Helius Medical Technologies, and others, signaling rising confidence in the blockchain as a treasury asset.
