Forward Industries (FWDI) Stock Skyrockets as Company Launches SEC-Registered Shares on Solana Blockchain

Traditional finance just got a blockchain injection—and Wall Street's scrambling to keep up.

Forward Industries isn't just dabbling in crypto; they're moving core equity onto the chain. By issuing SEC-registered shares directly on Solana, they're slicing through legacy settlement systems. Think days become seconds. Paperwork becomes code.

The Mechanics of a Market Shift

This isn't a side-project token. These are the actual, regulated shares—ownership stakes in a publicly-traded company—now living on a public blockchain. It bypasses the traditional custodian-broker-clearinghouse tangle, putting ownership and transfer in the hands of the shareholder's wallet. The promise? Radical transparency, near-instant settlement, and a frictionless market that operates 24/7.

Why Solana? Speed and Scale.

The choice of Solana wasn't accidental. Its architecture is built for high throughput and low cost—critical for handling equity transactions at scale without getting bogged down by gas fees or network congestion. It's the infrastructure play that makes this more than a proof-of-concept; it's a viable path forward for other public companies watching from the sidelines.

A cynical observer might note this is a brilliant way for a company to grab headlines and potentially inflate its stock price—after all, nothing says 'modern' like blockchain—but the underlying move is substantive. It challenges the very plumbing of the stock market. If it works, the old guard's 'efficiency fees' start looking a lot like rent.

The final bell on Wall Street might ring at 4 PM, but on-chain equity never sleeps. The race to rebuild the public market has officially left the starting gate, and the incumbents are wearing lead shoes.

TLDR

• Forward Industries (NASDAQ: FWDI) launched its SEC-registered shares on Solana blockchain through Superstate’s Opening Bell platform, marking the first time public company equity can be used directly in DeFi.
• FWDI tokenized shares can now serve as collateral on Kamino, a leading Solana lending protocol, allowing investors to borrow stablecoins while maintaining equity exposure.
• Pyth provides real-time price feeds for the tokenized shares, ensuring transparency and accurate market data across integrating protocols.
• Opening Bell platform offers direct tokenization of SEC-registered shares rather than synthetic derivatives, with shares updated onchain in real-time by Superstate as the SEC-regulated transfer agent.
• Forward Industries initiated a Solana treasury strategy in September 2025, backed by Galaxy Digital, Jump Crypto, and Multicoin Capital, focusing on acquiring SOL and increasing SOL-per-share value.

Forward Industries has announced a first-of-its-kind move in public markets. The company’s SEC-registered shares are now available on the solana blockchain through Superstate’s Opening Bell platform.

Forward Industries, Inc., FWDI

This marks the first time a public company’s equity can be used directly within decentralized finance protocols. Ex-U.S. holders of FWDI tokenized shares can now post their equity as collateral on Kamino, one of Solana’s leading lending protocols.

Eligible investors can borrow stablecoins using their tokenized shares. They maintain exposure to their underlying equity position while accessing liquidity.

The shares available on Solana are Class A Common Stock of Forward Industries. These are not synthetic products or derivatives. Superstate acts as an SEC-regulated transfer agent, updating the shares onchain in real-time.

Pyth provides real-time price feeds and market data for the tokenized shares. This ensures transparency and accuracy across protocols that integrate FWDI tokenized stock.

Direct Tokenization Creates New Possibilities

Kyle Samani, Chairman of Forward Industries, described the MOVE as the next evolution of tokenized markets. “By allowing FWDI shares to serve as collateral on Solana, we are creating a tangible bridge between traditional markets and the programmable financial systems that define the digital economy,” Samani stated.

Robert Leshner, CEO of Superstate, said the platform has “made it possible to unlock the full potential of DeFi for real public equity onchain.” The announcement came on December 18, 2025.

Current FWDI shareholders can hold their shares on Solana by creating an account on Superstate. They follow instructions to transfer shares from their traditional brokerage account to an authorized Solana wallet. The transfer goes through Superstate’s registered transfer agent.

Opening Bell launched in May 2025 as a regulated tokenization platform. It allows companies to make their publicly registered SEC shares available on major blockchains.

Treasury Strategy Backs Blockchain Move

Forward Industries initiated a treasury strategy on Solana in September 2025. The strategy focuses on acquiring SOL and increasing the SOL-per-share value through customized strategies and active management of corporate treasury.

Galaxy Digital, Jump Crypto, and Multicoin Capital back this strategy as leading investors and operational partners. Forward Industries has been a global design company for over 60 years, working with leading medical and technology sector companies.

Superstate offers several products beyond Opening Bell. USTB is a tokenized fund backed by U.S. Treasuries. USCC is a tokenized fund optimized for crypto exposure.

The collaboration between Forward, Superstate, and Kamino sets up future onchain functionalities. These developments depend on regulatory framework evolution.

The platform enables programmable and always-active ownership directly connected to the digital asset ecosystem. Public companies can now extend the lifespan and utility of their shares beyond traditional exchanges.

All detailed instructions for shareholders are available in the Documents section of the Superstate platform. The integration demonstrates how regulated equity can function within active DeFi markets for the first time.