Forward Industries to Tokenize NASDAQ Stock on Solana via Superstate

Forward Industries, under the ticker FORD, plans to tokenize its common stock on the Solana blockchain.

The initiative is in collaboration with Superstate, using its regulated "Opening Bell" platform for on-chain shares.
Shareholders can convert traditional FORD shares into a tokenized format, held in a digital wallet on Solana.
The partnership aims to enhance accessibility with 24/7 trading and near-instantaneous settlement.
Major exchanges are exploring similar integrations, with Nasdaq proposing a framework for trading tokenized securities.

Bridging Wall Street and DeFi

Tokenized FORD shares will integrate into Solana's DeFi ecosystem, collaborating with lending protocols like Drift, Kamino, and Jupiter Lend.
The tokenized stock may be used as collateral, allowing shareholders to borrow against their equity in a decentralized environment.

Kyle Samani, Chairman of Forward Industries, emphasized the company's "on-chain-first" vision, integrating Solana into future capital markets.
Superstate CEO Robert Leshner noted this as a significant step towards making Solana a primary venue for public companies.
The decision aligns with Forward Industries' recent crypto treasury strategy, inspired by firms holding Bitcoin.
The focus on Solana was reinforced by a $1.65 billion private investment led by Galaxy Digital, Jump Crypto, and Multicoin Capital.