Forward Industries to Launch Tokenized Shares on Solana via Superstate
According to the company’s official statement, Forward Industries will tokenize its NASDAQ-listed shares on Solana through Superstate’s Opening Bell platform, aiming to enable 24/7 trading, global liquidity, and integration with DeFi protocols.
Forward Industries announced it will tokenize its NASDAQ-listed stock ($FORD) on the Solana blockchain via Superstate’s Opening Bell platform. The official statement highlighted that tokenized FORD shares will enable round-the-clock trading, faster settlement, and global liquidity access. The shares will also integrate with Solana DeFi protocols such as Drift, Kamino, and Jupiter Lend, potentially allowing them to be used as collateral. Forward will acquire an equity stake in Superstate to develop new on-chain products and align its treasury strategy with equity markets. The company recently raised $1.65 billion in a private round led by Galaxy Digital, Jump Crypto, and Multicoin Capital, boosting its Solana treasury to over 6.8 million SOL tokens, making it the largest among public companies. Company leaders emphasized that tokenization signals a shift toward on-chain capital markets, with Solana positioned as a central platform for future financial systems.
- Tokenized Shares: Digital representations of company equity issued on a blockchain, enabling faster settlement, global liquidity, and integration with decentralized finance systems.
- Opening Bell Platform: A tokenization platform developed by Superstate that enables public companies to convert traditional shares into programmable blockchain-based assets in compliance with regulations.
- DeFi Protocols: Decentralized finance platforms such as Drift, Kamino, and Jupiter Lend that allow blockchain-based financial activities including lending, borrowing, and collateralization.