Forward Industries wants to tokenize its Nasdaq shares on Solana
Forward Industries plans to tokenize its shares and allow users to use them as collateral within Solana’s DeFi lending ecosystem.
Forward Industries, the Nasdaq-listed company holding the largest corporate Solana treasury, wants to bring its own equity to the blockchain.
On Monday, the company announced a partnership with fintech firm Superstate to tokenize Forward Industries (FORD) stock on Solana through Superstate’s Opening Bell, a regulated onchain issuance platform that lets public companies tokenize equity on Solana.
If the plan moves forward, shareholders would be able to bridge their common stock between brokerage accounts and Solana, potentially unlocking 24/7 trading, near-instant settlement and new pools of global liquidity.
