In a significant strategic pivot, NASDAQ-listed Forward Industries has solidified its position as a major player in the Solana ecosystem, revealing a massive treasury holding and plans to tokenize its stock on the blockchain. The company has retained InvestorBrandNetwork to manage its corporate communications as it navigates this transition from traditional design to digital asset management.

As of mid-October 2025, Forward Industries managed one of the largest Solana treasuries of any public firm, holding over 6.87 million SOL tokens valued at approximately $1.59 billion. The company reported acquiring these assets at a net cost of $232.08 per SOL, marking a substantial institutional investment into the Solana network.

A Revenue-Generating Staking Strategy

Instead of simply holding the assets, Forward Industries is actively generating revenue from its SOL portfolio. Nearly all of the company’s holdings are staked through native Solana infrastructure, yielding over 1,000 SOL in daily revenue. This operation, run in partnership with DoubleZero through an institutional-grade validator, currently produces a gross annual percentage yield of 7.01%, demonstrating how corporations can leverage digital assets for more than just price appreciation.

This ambitious treasury strategy has attracted backing from prominent cryptocurrency investment firms, including Multicoin Capital, Galaxy Digital, and Jump Crypto. Their involvement provides both financial support and deep operational expertise, signaling strong institutional confidence in Solana’s long-term potential.

Tokenizing Equity on the Blockchain

In a move that could reshape how public equity is handled, Forward Industries is partnering with Superstate to tokenize its common stock on the Solana blockchain. This initiative aims to enable 24/7 trading and real-time settlement for the company’s shares, bridging the gap between traditional corporate finance and the efficiency of blockchain technology.

Forward Industries first launched its Solana treasury strategy in September 2025, dedicating significant resources to acquiring SOL and actively managing its holdings. This pivot establishes the company as an early leader among publicly traded firms embracing cryptocurrency as a core treasury asset, potentially setting a new standard for how corporations integrate with the digital economy.