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Solana Giant Forward Industries to Tokenize $1.65B Stock on Superstate

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Forward Industries, the biggest Solana-focused treasury firm, has introduced plans to tokenize its inventory on the Solana blockchain by Superstate’s Opening Bell platform. ,

The transfer positions the Nasdaq-listed agency to turn into one of many first public firms to challenge tokenized fairness instantly on-chain, extending its broader technique to construct a stability sheet anchored by Solana.

Forward Industries, Superstate Team Up to Bring Public Equities On-Chain

Under the agreement, Forward shareholders will likely be in a position to convert their frequent inventory into tokenized FORD shares by way of Opening Bell, which Superstate launched in May 2025 as a regulated on-chain issuance platform.

The initiative will allow 24/7 buying and selling, near-instant settlement, and expanded international liquidity for the corporate’s fairness. Forward additionally intends to take an fairness stake in Superstate to align pursuits and collaborate on additional product improvement.

Forward can be working with main Solana-based protocols, together with Drift, Kamino, and Jupiter Lend, to make tokenized FORD shares usable as collateral inside their lending methods.

The firm mentioned the collaboration represents a step towards integrating conventional fairness with decentralized finance infrastructure constructed on Solana.

Kyle Samani, co-founder of Multicoin Capital and Chairman of Forward Industries, mentioned the launch displays the corporate’s purpose of changing into an “on-chain-first” enterprise. He described the partnership with Superstate as a means to place Solana on the core of world capital markets.

Robert Leshner, CEO of Superstate, added that the challenge marks the start of Solana changing into a house for tokenized public equities.

The tokenization plan comes shortly after Forward closed a $1.65 billion private investment in public equity financing on September 11, led by Galaxy Digital, Jump Crypto, and Multicoin Capital. The PIPE, the biggest Solana-focused digital asset treasury financing to date, funded the corporate’s buy of 6.8 million SOL, price round $1.58 billion.

Existing shareholder C/M Capital Partners additionally participated within the increase, which noticed broad curiosity from institutional buyers.

As a part of the financing, Chris Ferraro of Galaxy Digital and Saurabh Sharma of Jump Crypto joined as board observers, whereas Samani assumed the position of chairman. The firm’s pivot has been underscored by its regulatory filings.

On September 17, Forward submitted plans for a $4 billion at-the-market equity program with Cantor Fitzgerald as distributor, which is able to permit it to increase further capital for Solana acquisitions and dealing capital.

Forward’s technique comes at a time when Solana is seeing surging exercise. In the second quarter of 2025, the blockchain processed greater than 8.9 billion transactions and supported almost $4 billion in each day decentralized trade quantity.

According to data from the Strategic Solana Reserve, 17 firms now maintain a mixed 17.11 million SOL, valued at $4.03 billion at present costs, equal to almost 3% of the token’s circulating provide.

Institutions Turn to Solana as Treasury Asset in Series of High-Value Deals

A collection of main offers this month has spotlighted Solana’s rising position in company treasury methods.

Helius Medical Technologies said it has made its first Solana acquisition, buying greater than 760,000 SOL tokens at a mean price of $231. Backed by over $335 million in money reserves, the corporate mentioned Solana will function the principal holding in its digital asset treasury.

The transfer follows Helius’ $500 million oversubscribed private investment in a PIPE round earlier this month, led by Pantera Capital, with whole commitments doubtlessly reaching $1.25 billion. Investors within the spherical included Animoca Brands, Arrington Capital, HashKey, and Republic Digital.

Galaxy Digital additionally made headlines, disclosing $306 million in Solana purchases in a single day on September 15. The agency has accumulated 6.5 million SOL, worth about $1.55 billion, over five days, in accordance to on-chain information. The shopping for spree is tied to a broader initiative with Multicoin Capital and Jump Crypto.

Meanwhile, Fragmetric and DeFi Development Corp. announced plans to launch South Korea’s first Solana-based digital asset treasury by the takeover of a listed firm.

Other establishments are transferring in the identical route. On September 19, Brera Holdings unveiled “Solmate,” a Solana-focused treasury and infrastructure firm funded with $300 million from ARK Invest, the Solana Foundation, and Middle East backers. The agency plans twin listings on Nasdaq and a UAE trade.

Pantera Capital said Solana is reaching an adoption inflection point, noting that cost giants akin to Stripe and PayPal are starting to construct on the community.

The submit Solana Giant Forward Industries to Tokenize $1.65B Stock on Superstate appeared first on Cryptonews.

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