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NEW YORK - Forward Industries, Inc. (NASDAQ:FORD), a Solana treasury company with a market capitalization of $2.16 billion, announced Tuesday the launch of its institutional grade validator node on the Solana blockchain, powered by DoubleZero’s high-performance global network. The company’s stock has shown remarkable momentum, surging over 413% year-to-date.
The validator, which has already begun operations, offers 0% commission, allowing investors to stake to the node at no cost. Forward Industries has delegated all its staked tokens to this validator and plans to operate all future validators on DoubleZero’s infrastructure.
Developed in collaboration with Galaxy and utilizing Jump Crypto’s Firedancer client, the validator is expected to rank among the top ten Solana validators globally at launch, according to the company’s press release.
"Decentralized networks only reach their full potential when the underlying infrastructure meets institutional standards of scale, security, and performance," said Kyle Samani, Chairman of the Board of Forward Industries. According to InvestingPro analysis, Forward Industries has demonstrated strong momentum with a 388% price return over the past six months, though it currently shows weak overall financial health.
DoubleZero provides a global fiber network designed to address limitations of the public internet for blockchain workloads. The network aims to improve transaction routing, reduce latency, and increase validator efficiency while maintaining decentralization.
Forward Industries and DoubleZero will pilot validator and network optimizations focused on increasing revenue, improving bandwidth, and reducing latency.
The company, which has operated for over 60 years as a design company serving medical and technology companies, initiated its Solana treasury strategy in September 2025. This strategy focuses on acquiring SOL and increasing SOL-per-share through active management of the company’s treasury. Trading at $25.43, the stock exhibits high volatility and operates with moderate debt levels. InvestingPro subscribers have access to 8 additional key insights about Forward Industries’ financial position and growth prospects.
The validator can be viewed at the Solana Beach website under the address provided in the company’s announcement.
In other recent news, Forward Industries has been active with several strategic financial moves. The company announced the closure of a $1.65 billion private investment in public equity (PIPE) financing, led by Galaxy Digital, Jump Crypto, and Multicoin Capital. This financing is reportedly the largest Solana-focused digital asset treasury raise to date. Forward Industries has already deployed approximately $1.58 billion from this financing to purchase 6,822,000 Solana tokens at an average price of $232 per token. Additionally, Forward Industries filed an automatic shelf registration statement with the SEC for an at-the-market equity offering of up to $4 billion to further support its Solana token strategy. In partnership news, the company has teamed up with Superstate to tokenize its shares on the Solana blockchain, allowing stockholders to hold their shares on Superstate’s Opening Bell platform. As part of this partnership, Forward Industries plans to take an equity stake in Superstate, although specific terms were not disclosed. These developments highlight Forward Industries’ commitment to its Solana-focused strategy.
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