Forward Industries (FWDI) Stock: SEC-Registered Shares Go Live on Solana Blockchain

TLDR

• Forward Industries (NASDAQ: FWDI) launched SEC-registered shares on Solana blockchain via Superstate’s Opening Bell platform on December 18, 2025.
• Tokenized FWDI shares function as collateral on Kamino lending protocol, allowing investors to borrow stablecoins while keeping equity exposure.
• Opening Bell provides direct tokenization of real SEC-registered shares, not synthetic derivatives, with Superstate acting as regulated transfer agent.
• Pyth supplies real-time price data for tokenized shares across all integrating protocols on Solana.
• Forward Industries backs this move with a Solana treasury strategy launched September 2025, supported by Galaxy Digital, Jump Crypto, and Multicoin Capital.

Forward Industries made history on December 18, 2025, by launching its SEC-registered shares on the Solana blockchain. The company partnered with Superstate’s Opening Bell platform to create the first public equity that works directly in decentralized finance.

Forward Industries, Inc., FWDI

Ex-U.S. holders of FWDI tokenized shares can use them as collateral on Kamino, a leading Solana lending protocol. Investors can borrow stablecoins against their shares while maintaining their equity position.

This represents real Class A Common Stock of Forward Industries, not synthetic products. Superstate serves as an SEC-regulated transfer agent, updating shares onchain in real-time.

Direct Integration with DeFi Protocols

Pyth provides real-time price feeds for the tokenized shares. This ensures accurate market data across all protocols using FWDI stock.

Kyle Samani, Chairman of Forward Industries, called this 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 said.

Robert Leshner, CEO of Superstate, stated the platform has unlocked the full potential of DeFi for real public equity onchain. Opening Bell launched in May 2025 as a regulated platform for tokenizing publicly registered SEC shares.

Current shareholders can transfer their FWDI shares to Solana by creating a Superstate account. They move shares from traditional brokerage accounts to authorized Solana wallets through Superstate’s registered transfer agent.

Treasury Strategy Powers Blockchain Expansion

Forward Industries launched a Solana treasury strategy in September 2025. The company focuses on acquiring SOL and increasing SOL-per-share value through active treasury management.

Galaxy Digital, Jump Crypto, and Multicoin Capital back this strategy as key investors and operational partners. The 60-year-old design company works with leading medical and technology sector firms.

Superstate offers additional products including USTB, a tokenized fund backed by U.S. Treasuries, and USCC, a tokenized fund optimized for crypto exposure. The collaboration between Forward, Superstate, and Kamino creates infrastructure for future onchain functionalities.

Public companies can now extend share utility beyond traditional exchanges. The platform enables programmable ownership connected to digital asset ecosystems.

Shareholders can access detailed transfer instructions in the Documents section of the Superstate platform. The integration shows how regulated equity functions within active DeFi markets for the first time.

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