Wall Street Joins Solana: Forward Industries to Launch Tokenized Shares

Forward Industries, the largest Solana-focused digital asset treasury firm, has announced its plan to tokenize stock on Solana through Superstate’s regulated issuance platform, Opening Bell.

The move positions the Nasdaq-listed company ($FORD) to become one of the first public firms to issue tokenized equity directly on-chain.

This development aligns with Forward’s broader strategy of becoming an “on-chain-first” company, anchored by Solana’s blockchain infrastructure.

Read Also: Why Tokenized Stocks are the New Trend: A Guide on xStocks Listings on Bitrue

Forward and Superstate Partnership

Source: FWDind on X

Under the agreement, Forward shareholders will gain the ability to convert their common stock into tokenized FORD shares via Opening Bell. This will allow for:

1. 24/7 global trading: unrestricted by traditional market hours.

2. Near-instant settlement: removing friction in equity transactions.

3. Enhanced liquidity: opening access to investors worldwide.

Forward also intends to take an equity stake in Superstate to deepen collaboration and co-develop new products in tokenized finance.

Why Tokenize Stock on Solana?

The decision to tokenize stock on Solana reflects growing institutional recognition of Solana’s high-speed, low-cost blockchain. According to recent data, Solana processed more than 8.9 billion transactions in Q2 2025, with nearly $4 billion in daily DEX volume.

Benefits of tokenized stock on Solana include:

1. Global accessibility: Investors across regions can trade equities seamlessly.

2. Efficiency: Fast transaction speeds with low fees.

3. Integration with DeFi: Tokenized FORD shares will be usable as collateral within Solana-based lending platforms such as Drift, Kamino, and Jupiter Lend.

4. Transparency: Real-time on-chain records improve accountability.

Want to stay ahead of the curve in crypto, tokenized finance, and Solana’s rapid adoption? Keep up with the latest updates through the Bitrue blog.

Institutional Backing and Market Momentum

This announcement follows Forward’s massive $1.65 billion private investment in public equity (PIPE) financing earlier this month, led by Galaxy Digital, Jump Crypto, and Multicoin Capital. The round funded Forward’s purchase of 6.8 million SOL, making it the largest Solana treasury company.

The firm also filed for a $4 billion at-the-market equity program with Cantor Fitzgerald to raise more capital for Solana acquisitions, underscoring its commitment to building a Solana-based financial future.

Source: HeliusHSDT on X

Meanwhile, other institutions like Helius Medical Technologies, Galaxy Digital, and Brera Holdings are also allocating billions into Solana treasuries, showing that tokenization and Solana tokenized equity are gaining traction across global markets.

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Voices from the Industry

Kyle Samani, Co-Founder of Multicoin Capital & Chairman of Forward Industries, “This partnership reflects our vision to make Forward Industries an on-chain-first company, with Solana at the heart of global capital markets.”

Robert Leshner, CEO of Superstate, “This is the beginning of Solana becoming a home for tokenized public equities.”

Conclusion

Forward Industries’ move to tokenize its stock on Solana via Superstate’s Opening Bell marks a historic milestone for the convergence of traditional equity markets and decentralized finance. 

As one of the first Nasdaq-listed companies to issue Solana tokenized equity, Forward sets the stage for a new era of capital markets operating seamlessly on-chain.

Read Also: ReserveOne: The $1 Billion Crypto Asset Firm Targeting Nasdaq Listing in 2025

FAQ

What is tokenized stock?

Tokenized stock is a digital representation of traditional company shares on a blockchain, allowing 24/7 trading, instant settlement, and global accessibility.

Why did Forward Industries choose Solana for tokenization?

Solana’s high-speed, low-cost infrastructure makes it ideal for scalable, real-time trading of tokenized equities.

What are the benefits of tokenized stock on Solana?

Benefits include faster settlements, global market access, DeFi integration (e.g., collateral in lending platforms), and improved liquidity.

Can shareholders of Forward Industries convert their stock into tokenized equity?

Yes, through Superstate’s Opening Bell platform, shareholders can convert traditional shares into tokenized FORD shares.

How does Solana tokenized equity impact DeFi?

It enables tokenized shares to function as collateral in lending protocols, bridging traditional finance with decentralized finance ecosystems.