Solana-focused treasury company, Forward Industries announced a partnership with fintech firm Superstate to enable shareholders to tokenize and hold FORD shares on the Solana blockchain.
Superstate provides technology that bridges traditional financial assets with cryptocurrency markets, offering on-chain equity issuance and tokenization through its Opening Bell platform, as well as tokenized funds such as USTB, backed by US Treasuries, and USCC, designed for cryptocurrency basis exposure.
Under the agreement, Forward Industries plans to acquire an equity stake in Superstate to support the joint development of future products and reinforce its commitment to advancing on-chain capital market initiatives.
Once launched, shareholders will have the ability to tokenize their FORD common stock via Opening Bell, allowing for continuous trading, real-time settlement, and increased global liquidity.
In addition, Forward Industries is collaborating with Solana-based lending protocols Drift, Kamino, and Jupiter Lend to enable tokenized FORD shares to be used as collateral within their systems.
1/ @FWDind (NASDAQ: $FORD) is partnering with Superstate to bring their shares on-chain via the Opening Bell platform.
— Superstate (@SuperstateInc) September 22, 2025
This move follows Forward’s $1.65B Solana DAT financing led by @MulticoinCap, @jump_ & @galaxyhq — the largest of its kind.https://t.co/ksK7y13gsa pic.twitter.com/3e4lhctiwy
Forward Industries is an international design firm providing services to leading medical and technology companies. For more than six decades, the company has developed and manufactured a portfolio of high-quality products for some of the world’s most prominent brands. In September 2025, Forward Industries launched a Solana treasury initiative aimed at acquiring SOL tokens and increasing SOL-per-share through tailored strategies and active management of its treasury assets.
Recently, the company completed a $1.65 billion private investment in public equity (PIPE) financing, led by Galaxy Digital, Jump Crypto, and Multicoin Capital, with additional support from C/M Capital Partners. The funds were primarily used to purchase over 6.8 million Solana (SOL) tokens, representing a total value of approximately $1.58 billion.
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