Forward Industries to Tokenize $1.65 Billion Equity on Solana

- Forward Industries announces an industry-first equity tokenization initiative powered by Superstate's Opening Bell platform. - The move promises continuous trading, instant settlements, and enhanced liquidity. On September 22, 2025, Forward Industries (ticker: FORD), a leader in digital asset treasury management, revealed plans to tokenize $1.65 billion of its company shares on the Solana blockchain. Superstate's Opening Bell platform will facilitate this groundbreaking initiative, which marks a significant step toward integrating traditional equity markets with blockchain technology. Leveraging Solana’s high-speed infrastructure, the company will enable 24/7 trading and real-time settlement in a move aimed at enhancing global liquidity and establishing a new benchmark in equity accessibility. According to a Bloomberg report on September 22, this tokenization effort reflects a broader trend of migrating equity onto blockchain networks to enhance operational transparency and trading efficiency. Signaling strong market confidence, industry giants including Galaxy Digital, Jump Crypto, and Multicoin Capital back Forward Industries as investors. In addition, to solidify their partnership, Forward Industries is acquiring an equity stake in Superstate. This acquisition aligns their strategic efforts to accelerate product innovations and onchain equity deployment. Forward Industries is also actively collaborating with Solana-based decentralized finance (DeFi) platforms like Drift, Kamino, and Jupiter Lend, aiming to integrate tokenized FORD shares into these platforms' collateral systems. This step highlights the convergence of traditional equity and DeFi markets and illustrates the transformative potential of blockchain in reshaping financial ecosystems. This announcement follows the company’s successful $1.65 billion private investment in public equity (PIPE) round, which was spearheaded by Galaxy Digital and Jump Crypto and concluded earlier this month. The tokenization will be managed on Superstate's Opening Bell platform, which launched in May 2025 to provide pioneering infrastructure for regulated public equity tokenization and foster institutional adoption. According to CoinMarketCap on September 22, at 19:09 UTC, Solana (SOL) trades at $219.14, with its 24-hour trading volume down 7.91%. During the same period, Kamino Finance (KMNO) is priced at $0.077 and Jupiter (JUP) trades at $0.466, reflecting volume declines of 10.89% and 11.54%, respectively.