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Forward Industries Launches SEC-Registered Shares Onchain on Solana

Superstate’s Opening Bell records real common stock onchain as the registered transfer agent, creating a compliant route for equity to operate in DeFi.

Overview

  • FWDI’s Class A shares are live on Solana, marking the first instance of U.S. public equity functioning natively in decentralized finance.
  • Eligible ex‑U.S. holders can post tokenized FWDI shares as collateral on Kamino to borrow stablecoins while keeping equity exposure.
  • Superstate maintains real-time onchain share records in its role as an SEC‑regulated transfer agent, with Pyth supplying price feeds.
  • Current shareholders can move stock from traditional brokerages to authorized Solana wallets through Superstate’s process.
  • The Solana deployment aligns with Forward’s SOL-focused treasury strategy launched in September and supported by Galaxy Digital, Jump Crypto, and Multicoin Capital.