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Forward Industries reported holding nearly 7 million SOL as it expands its solana-focused treasury strategy. The company is also advancing tokenized equity and decentralized finance ( DeFi) initiatives on the network.
Nasdaq-Listed Forward Expands Solana Strategy and Tokenized Shares
Forward Industries, Inc. (NASDAQ: FWDI) has released an update on its solana treasury and recent operational milestones, reporting liquid holdings of more than 6.97 million SOL as of January 15, 2026.
According to Forward, the company’s strategy has generated more than 133,450 SOL in staking rewards to date. This has helped increase SOL-per-share through compounding and active onchain deployment.
Ryan Navi, Chief Investment Officer of Forward Industries, said the company is focused on building a long-term, income-generating treasury by combining disciplined capital deployment with solana-native yield opportunities.
As we expand through partnerships, we’re able to participate in emerging use cases where real-world assets can function natively within DeFi, while continuing to leverage Solana’s unmatched performance, liquidity, and economic activity to build a durable, income-generating treasury that creates long-term value for shareholders.
Beyond treasury growth, Forward highlighted two notable operational developments announced in December. The company’s SEC-registered shares are now live on the Solana blockchain, marking the first time a public company’s equity can be used directly within DeFi applications. Forward also began testing its proprietary automated market maker, known as PropAMM, on Solana.
Read more: Solana’s Ecosystem Hits $2.39 Billion Revenue High in 2025
On the treasury side, nearly all of its SOL holdings are currently staked with a gross annual percentage yield of 6.73% before fees. Forward also noted that it continues to hold sufficient operating capital and carries no corporate debt.
The company said it plans to continue expanding its Solana-based operations as it explores new intersections between public markets and decentralized finance.
FAQ🚀
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How much solana does Forward Industries hold?
Forward reported liquid holdings of nearly 7 million SOL as part of its solana-focused treasury strategy. -
Why is Forward increasing its solana exposure?
The company aims to build a long-term, income-generating treasury using staking rewards and Solana-native DeFi yields. -
What makes Forward’s tokenized shares significant?
Its SEC-registered equity now lives on Solana, enabling public company shares to be used directly in DeFi for the first time. -
What’s next for Forward Industries on solana?
The firm plans to scale its SOL treasury, expand DeFi integrations, and grow tokenized finance initiatives on the network.