Forward Industries, a Nasdaq-listed company with the largest corporate Solana treasury, plans to tokenize its shares through a partnership with fintech firm Superstate, utilizing its regulated on-chain issuance platform called Opening Bell. This initiative aims to allow shareholders to bridge their common stock between brokerage accounts and the Solana blockchain, potentially enabling 24/7 trading, quick settlement, and increased global liquidity. However, details on regulatory approval for these tokenized shares have not been disclosed. Furthermore, Forward Industries intends to make its tokenized equity available as collateral in decentralized finance (DeFi) lending activities, collaborating with Solana-based lending protocols such as Drift, Kamino, and Jupiter Lend. Chairman Kyle Samani emphasized the company's belief that Solana could be central to future capital markets, thus providing shareholders with a stake in the tokenized economy. This announcement follows Forward's recent PIPE financing and the filing for a $4 billion at-the-market equity offering program to support its Solana treasury expansion.

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