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. Eligible investors outside the United States can now post tokenized FWDI shares as collateral on Kamino, a leading Solana-based lending protocol.
The integration enables investors to borrow stablecoins against their equity holdings while maintaining exposure to FWDI stock performance. This functionality is supported by real-time price feeds from Pyth, a decentralized oracle network. 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 regulatory compliance framework provides a foundation for expanded onchain equity functionality as regulatory guidance continues to evolve in the digital asset space.
Forward Industries has been developing its blockchain strategy since September 2025, when the company initiated a Solana treasury strategy dedicated to acquiring SOL tokens and increasing SOL-per-share through bespoke strategies. The company's treasury management approach has received support from industry-leading investors and operating partners including Galaxy Digital, Jump Crypto, and Multicoin Capital. More information about the company's Solana treasury strategy is available at https://sol.forwardindustries.com.
The collaboration with Superstate provides existing shareholders the option to hold their shares on the Solana blockchain through Superstate's platform. This development comes as traditional financial markets and decentralized finance continue to explore integration points. The ability to use SEC-registered equity as collateral in DeFi protocols represents a significant step toward bridging traditional securities markets with blockchain-based financial systems.
Forward Industries operates as a global design company serving medical and technology sectors, with over 60 years of experience developing products for leading global companies. The latest news and updates relating to FWDI are available in the company's newsroom at https://ibn.fm/FWDI. The press release announcing this development can be viewed at https://ibn.fm/GxBsf.
This development matters because it represents the first regulatory-compliant bridge between traditional public equity markets and decentralized finance protocols. The implications extend beyond Forward Industries shareholders to potentially reshape how public company equity can be utilized in emerging financial ecosystems. For the financial industry, this creates new possibilities for liquidity and collateral options while maintaining regulatory compliance. For investors, it provides additional utility for equity holdings and represents a significant step toward integrating traditional securities with blockchain technology. As regulatory frameworks continue to develop around digital assets, this model could establish precedent for how public companies engage with decentralized finance while maintaining compliance with securities regulations.
