Forward Industries (NASDAQ: FORD), a leading Solana treasury company, has engaged IBN, a multifaceted financial news and publishing firm, to enhance its corporate communications strategy, as announced on October 23, 2025. The company manages one of the largest Solana (SOL) treasuries among public firms, holding over 6.87 million SOL as of Oct. 15, 2025, and has deployed approximately $1.59 billion into SOL at a net cost of $232.08 per token. Nearly all holdings are staked through native Solana infrastructure, generating over 1,000 SOL in daily revenue via an institutional-grade validator operated with DoubleZero that delivers a 7.01% gross APY.
Backed by Multicoin Capital, Galaxy Digital and Jump Crypto, Forward Industries is also tokenizing its common stock on Solana through a partnership with Superstate to enable 24/7 trading and real-time settlement, positioning the company as an institutional gateway to the Solana ecosystem. This engagement with IBN aims to broaden investor awareness and communicate the strategic value of the company's treasury operations.
The announcement underscores Forward Industries' commitment to transparency and active management of its Solana treasury. The company's strategy, initiated in September 2025, focuses on acquiring SOL and increasing SOL-per-share through bespoke strategies. With over 6.87 million SOL staked, the company is a significant participant in the Solana network, contributing to its security and decentralization.
Forward Industries' partnership with Superstate for stock tokenization represents a pioneering move in capital markets, allowing for continuous trading and settlement. This could potentially increase liquidity and accessibility for investors, aligning with the broader trend of asset tokenization on blockchain platforms.
The involvement of prominent crypto investors like Multicoin Capital, Galaxy Digital, and Jump Crypto adds credibility to Forward Industries' treasury strategy. These firms have a track record of supporting innovative blockchain projects, and their backing signals confidence in the company's approach.
As Forward Industries expands its presence in the Solana ecosystem, the engagement with IBN for corporate communications will be crucial in conveying the strategic importance of its treasury operations and the potential benefits for shareholders. The company's daily staking revenue of over 1,000 SOL at a 7.01% gross APY provides a sustainable income stream, enhancing its financial profile.
This development is significant for investors interested in the intersection of traditional corporate finance and blockchain technology. Forward Industries is positioning itself as a bridge between institutional capital and the Solana network, leveraging its treasury to generate returns while supporting the ecosystem's growth.
