- Forward Industries manages a Solana treasury platform, targeting active participation in the Solana ecosystem in a variety of ways, such as staking and lending.
- Currently, Forward Industries’ SOL treasury has liquid SOL holdings of over 7 million, and its validator infrastructure has generated yields that outperforms other peer validators.
- The company also recently made an offer and publicized a letter of intent (“LOI”) to acquire the Solana Company.
Forward Industries (NASDAQ: FWDI) is a Solana treasury company that’s backed by some of the most influential investors in the digital asset space. It aims to create long-term shareholder value by actively participating in the Solana ecosystem through various on-chain activities like staking, lending, and decentralized finance (“DeFi”).
It also became the first U.S.-listed company to bring its common stock to the Solana blockchain, highlighting Forward’s focus on digital-native capital markets.
The company also recently announced a letter of intent and made an offer to acquire the Solana Company. It believes that partnering with the Solana Company would be great for both companies, and that the combined scale, Solana expertise, and efforts will allow both companies to realize and sustain the value embedded in the organizations.
Since the inception of Forward’s SOL treasury strategy, it has amassed liquid SOL holdings of more than 7 million, and Forward’s validator infrastructure has generated between 6.5% and 7.2% gross annual percentage yield (“APY”) before fees, outperforming many other top peer validators. In addition, approximately 25% of Forward’s SOL holdings are represented as fwdSOL, which is its proprietary liquid staking token that lets it earn native staking yield while still maintaining liquidity.
Forward has enjoyed a great 2026 thus far, and some highlights include strong revenue growth, a strategic share repurchase, and strong cash reserves of around $16 million. It also recently added Mark Brazier, a very experience financial and digital assets executive, to the team as the new CFO.
Speaking about the team, Forward is led by a group of experts with many years of experience in finance, fintech, digital assets, the blockchain, and more.
This includes Chairman Kyle Samani, who was one of the first investors and major advocates for Solana, and Interim CEO Mike Pruitt, who has decades of capital markets and public company leadership experience.
About Forward Industries Inc. (NASDAQ: FWDI)
Forward Industries is building and managing a large-scale Solana (SOL) treasury platform, and is backed by many of the most influential investors in the digital space. It aims to create long-term shareholder value by participating in the Solana ecosystem. Specifically, it creates this value by accumulating SOL, and strategically deploying assets through various on-chain activities including lending, staking, and participating in decentralized finance (“DeFi”).
For more information, visit the Forward Industries website at www.ForwardIndustries.com.
NOTE TO INVESTORS: The latest news and updates relating to FWDI are available in the company’s newsroom at https://ibn.fm/FWDI
