Forward Industries, Inc. (NASDAQ: FWDI), a leading Solana treasury company, has appointed Michael Ashe, chief strategy officer at Galaxy Digital, to its board of directors, effective immediately. Ashe previously served as a board observer and brings extensive leadership experience in strategy, corporate development and investment banking from Galaxy Digital, Oppenheimer & Co. Inc. and Citi.
Chairman Kyle Samani said Ashe’s appointment reflects the board’s confidence in his expertise as the company continues to expand its Solana treasury strategy. Ashe's background is expected to provide valuable guidance as Forward Industries executes its plan to buy, hold, stake, trade, invest in, and grow SOL and SOL-related digital assets, protocols and businesses.
Forward Industries launched its digital asset treasury strategy in September 2025 through a private placement transaction, supported by industry leading investors and operating partners including Galaxy Digital and Jump Crypto. The company's mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to and investing in the Solana network, Solana developers and Solana related projects.
For more information on the company's Solana treasury strategy, visit forwardindustries.com. The latest news and updates relating to FWDI are available in the company’s newsroom at https://ibn.fm/FWDI.
This board appointment signals a strengthening of ties between Forward Industries and Galaxy Digital, a key partner in its treasury strategy. Ashe's experience at Galaxy Digital, a leading digital asset financial services firm, will be instrumental as Forward Industries navigates the volatile cryptocurrency market and seeks to maximize shareholder value through its Solana-focused approach.
The appointment comes at a time when more companies are adopting digital asset treasury strategies, and Forward Industries is positioning itself as a pure-play on the Solana ecosystem. By adding a board member with deep industry connections and strategic expertise, the company aims to accelerate its growth and solidify its leadership in the space.
