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Forward Industries Inc. (FORD) announced a partnership with financial technology firm Superstate to allow stockholders to tokenize and hold FORD shares on the Solana blockchain. The company expects to take an equity stake in Superstate as part of the agreement.
Shareholders will be able to tokenize their public shares through Superstate’s Opening Bell platform, which enables 24/7 trading, real-time settlement, and global liquidity according to the company. Forward Industries is working with Solana lending protocols Drift, Kamino, and Jupiter Lend to establish tokenized FORD equity as eligible collateral across their systems.
"This partnership reflects the continued execution of our vision to make Forward Industries an on-chain-first company, including tokenizing our equity directly on the Solana mainnet," said Kyle Samani, Chairman of the Board of Directors of Forward Industries.
Opening Bell launched in May 2025 as a regulated platform enabling companies to issue tokenized public equity via blockchain infrastructure. Robert Leshner, CEO of Superstate, stated the partnership represents "the origin of Solana becoming the home of capital markets for public companies."
The announcement follows Forward Industries’ $1.65 billion private investment in public equity financing that closed on September 11, 2025. The financing was led by Galaxy Digital, Jump Crypto, and Multicoin Capital, which collectively subscribed to more than $350 million.
Forward Industries operates as a global design company serving medical and technology companies. In September 2025, the company initiated a Solana treasury strategy focused on acquiring SOL tokens and increasing SOL-per-share through active management of its treasury.