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Company Expects to Take Equity Stake in Superstate to Advance Internet Capital Markets and Give Shareholders Ownership in the RWA Industry
Forward Industries, Inc. (NASDAQ:FORD) (the "Company" or "Forward Industries"), a leading Solana treasury company, today announced it has partnered with financial technology firm Superstate to allow stockholders to tokenize and hold FORD shares on the Solana blockchain. As part of the agreement, Forward Industries expects to take an equity stake in Superstate to further align interests and enable joint development of upcoming Superstate products, underscoring the Company's commitment to pioneering on-chain capital markets activities.
Upon launch, shareholders will be able to tokenize their public shares of Forward Industries' common stock through Superstate's Opening Bell platform. The partnership is expected to expand the Company's traditional equity by leveraging the Solana blockchain to enable 24/7 trading, real-time settlement, and enhanced global liquidity of FORD.
Building on the tokenization of FORD shares, the Company is working with Drift, Kamino, and Jupiter Lend—three of the largest borrowing and lending protocols on Solana—to establish tokenized FORD equity as eligible collateral across their systems.
Posted In: FORD
