Forward Industries Launches Proprietary AMM with Galaxy Digital Support

Forward Industries began testing its proprietary automated market maker on Dec. 3, enabling public liquidity pool creation with backing from Jump Crypto and Galaxy Digital.

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Summary

Forward Industries, a US-listed Solana treasury company, announced that it started testing its proprietary automated market maker (Prop AMM) on Dec. 3. The AMM allows projects and institutions to set up public liquidity pools, aiming to expand decentralized finance capabilities. Technical support is provided by Jump Crypto and Galaxy Digital, reflecting collaborative efforts among prominent blockchain firms.

Terms & Concepts
  • Automated Market Maker (AMM): A type of decentralized exchange protocol that uses algorithms to price assets and enable trading without traditional order books.
  • Galaxy Digital: A financial services firm focused on digital assets, cryptocurrencies, and blockchain technology.
  • Jump Crypto: The cryptocurrency-focused division of Jump Trading, providing infrastructure and technical development for blockchain projects.