- Forward Industries, a Solana digital asset treasury company, recently announced that the company’s shares are now live on the Solana blockchain through Superstate’s Opening Bell platform.
- This move is important for the industry, marking the first time that a regulated public equity is able to be used as collateral within a live decentralized finance (“DeFi”) market.
- The partnership shows how companies can extend the utility and life of their shares beyond traditional exchanges.
Forward Industries (NASDAQ: FWDI), a company that is building and managing a large-scale Solana (“SOL”) treasury, recently announced that their SEC-registered shares are now live on the Solana blockchain through Superstate’s Opening Bell platform (https://ibn.fm/JIh1m).
This integration allows ex-US holders of the company’s tokenized FWDI shares to post their equity as collateral on Kamino, which is one of Solana’s leading lending protocols. Eligible investors are able to borrow stablecoins against tokenized shares, which gains them access to onchain liquidity while still…
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