Forward Industries Hires IBN for Solana Treasury Strategy

Forward Industries has emerged as a significant player in the corporate cryptocurrency space with its aggressive Solana treasury strategy. As of October 15, 2025, the company holds 6.87 million SOL tokens acquired at a net cost basis of $232.08 per token, representing a total deployment of approximately $1.59 billion. This positions Forward Industries among the largest public company holders of Solana, demonstrating a substantial commitment to cryptocurrency as a treasury asset class.

The company’s Solana treasury strategy, initiated in September 2025, represents a strategic pivot for the 60-year-old design company that traditionally served medical and technology clients. This move into digital asset management reflects a broader trend of established corporations diversifying treasury holdings into cryptocurrencies, with Forward Industries taking a particularly concentrated position in the Solana ecosystem. The scale of their holdings establishes them as a bellwether for institutional adoption of Solana as a treasury asset.

Forward Industries has implemented a sophisticated staking strategy that generates substantial daily revenue from its Solana holdings. Nearly all of the company’s 6.87 million SOL tokens are staked through native Solana infrastructure, producing over 1,000 SOL in daily revenue. This staking operation is conducted through an institutional-grade validator operated in partnership with DoubleZero, delivering a 7.01% gross annual percentage yield.

The staking revenue represents a significant income stream for the company, transforming what would otherwise be idle treasury assets into productive capital. At current SOL prices, the daily staking revenue of over 1,000 tokens translates to substantial annualized returns that enhance shareholder value. This approach demonstrates how corporations can leverage blockchain technology to generate yield from treasury holdings in ways not possible with traditional financial instruments.

Forward Industries’ Solana treasury strategy benefits from heavyweight backing in the cryptocurrency investment space. The company is supported by industry-leading investors including Multicoin Capital, Galaxy Digital, and Jump Crypto, providing both capital and strategic guidance for their digital asset initiatives. These partnerships lend credibility to Forward Industries’ approach and connect them with deep expertise in cryptocurrency markets and blockchain infrastructure.

The engagement with IBN represents the latest strategic partnership, focusing on enhancing corporate communications around the company’s Solana treasury strategy. IBN’s role as a multifaceted financial news and publishing firm will help Forward Industries effectively communicate its digital asset strategy to investors and the broader financial community. This communications partnership comes at a critical time as the company positions itself as an institutional gateway to the Solana ecosystem.

In a groundbreaking move that bridges traditional finance with blockchain technology, Forward Industries is tokenizing its common stock on Solana through a partnership with Superstate. This initiative will enable 24/7 trading and real-time settlement of the company’s equity, representing a significant innovation in how public company shares can be traded and settled. The tokenization project positions Forward Industries at the forefront of financial market infrastructure evolution.

The Superstate partnership allows Forward Industries to leverage Solana’s high-throughput blockchain for equity transactions, potentially increasing liquidity and accessibility for investors. By enabling 24/7 trading, the company moves beyond the constraints of traditional market hours, while real-time settlement eliminates the typical T+2 settlement cycle of conventional equity markets. This dual approach of maintaining a massive Solana treasury while tokenizing company stock creates a comprehensive blockchain strategy that spans both assets and equity.