Forward Industries to Tokenize Nasdaq Shares on Solana Blockchain

Nasdaq-listed firm Forward Industries (FORD) is on the move to bring public equity into the blockchain. The Solana-focused treasury company announced today a strategic partnership with fintech firm Superstate to tokenize FORD stock directly on the Solana blockchain. 

The deal involves the company taking an equity stake in Superstate, aligning both firms around the vision of turning the Solana network into the backbone of digital capital markets.

“By bringing public shares of FORD onto the Opening Bell platform and taking an equity stake in Superstate, we are reinforcing our conviction that Solana will sit at the core of capital markets while giving our shareholders direct participation in the future tokenized economy,” said Kyle Samani, Chairman of the Board of Directors of Forward Industries.

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Starting soon, investors will be able to move their FORD shares onto Superstate’s Opening Bell platform, a regulated on-chain issuance system launched in May of this year. The move will allow for over-the-counter, 24/7 trading of FORD stock, making it one of the first traditional assets to make it into the blockchain. 

Moving ahead, Forward Industries expects to work alongside three of Solana’s largest lending protocols—Kamino, and Jupiter Lend—to make tokenized FORD equity usable as collateral. That opens the door to DeFi-native financial activity for traditional shareholders.

This announcement follows Forward’s $1.65 billion PIPE financing, led by Galaxy Digital, Jump Crypto, and Multicoin Capital. The deal, which closed on September 11, 2025, is the largest Solana-focused treasury raise to date.

The tokenized assets trend appears to be on the rise over the last months. While companies are now rushing to digitalize their stocks, Forward Industries is skipping the warm-up and heading straight for the main event.