Forward Industries plans to tokenize its Nasdaq shares, potentially allowing users to use them as collateral within Solana's DeFi lending ecosystem. The company announced a partnership with fintech firm Superstate to tokenize Forward Industries (FORD) stock through Superstate’s Opening Bell, which facilitates onchain equity issuance. If successful, shareholders could bridge their common stock to Solana, benefiting from features like 24/7 trading and instant settlement. The initiative's regulatory status remains unclear. Moreover, Forward intends to make tokenized FORD stock available as collateral in onchain lending activities, collaborating with lending protocols like Drift, Kamino, and Jupiter Lend. This strategic move reinforces Forward's belief in Solana's potential in capital markets. Following a PIPE financing backed by major crypto players, Forward has established a significant Solana reserve, equivalent to nearly 3% of the total SOL token supply, further solidifying its strategy within the Solana ecosystem.

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