Forward Industries (FORD), a company listed on the Nasdaq, is venturing into the realm of blockchain technology by bringing stock equity to the Solana network. This strategic move involves a partnership with Superstate, a fintech innovator, to tokenize FORD shares directly on the Solana blockchain, according to an announcement made today by the Solana-focused treasury company.
The agreement sees Forward Industries acquiring a stake in Superstate, signifying a shared vision where the Solana network becomes a fundamental element of future digital capital markets.
Kyle Samani, Chairman of the Board of Directors at Forward Industries, stated, “By integrating FORD’s public shares onto the Opening Bell platform and investing in Superstate, we are reaffirming our belief that Solana will be central to the evolution of capital markets. This also allows our shareholders to participate directly in the growing tokenized economy.”
In the near future, investors will have the opportunity to transfer their FORD shares to Superstate’s Opening Bell, a regulated platform for on-chain issuance that was introduced in May. This will facilitate round-the-clock, over-the-counter trading of FORD stock, establishing it as one of the initial traditional assets to be integrated into blockchain technology.
Moving forward, Forward Industries intends to collaborate with leading Solana-based lending platforms, including Kamino and Jupiter Lend, to enable the use of tokenized FORD equity as collateral. This will unlock possibilities for traditional shareholders to engage in decentralized finance (DeFi) activities.
This announcement comes after Forward Industries secured $1.65 billion in PIPE financing, with Galaxy Digital, Jump Crypto, and Multicoin Capital leading the round. This financing, completed on September 11, 2025, represents the largest treasury raise focused on Solana to date.
The tokenized assets trend has been gaining momentum in recent months. As more companies explore digitalizing their stocks, Forward Industries is taking a bold step, directly embracing the tokenized future.