Forward Industries Launches SEC-Registered Shares on Solana Blockchain
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2025
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Forward Industries (FWDI) announced its SEC-registered shares are now live on the Solana (SOL-USD) blockchain through Superstate's Opening Bell platform, marking what the company says is the first time a public company's equity can be used directly within decentralized finance. Through this integration, ex-U.S. holders of Forward's tokenized shares can now post their equity as collateral on Kamino, one of Solana's leading lending protocols.
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About FWDI
Forward Industries, Inc. is a global design, sourcing and distribution company serving medical and technology customers worldwide. The Company's segments include OEM distribution and design. The OEM distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits and a variety of other portable electronic and non-electronic devices directly to original equipment manufacturers (OEMs) or their contract manufacturers worldwide. It sells carrying cases for blood glucose diagnostic kits. The design segment consists of two operating segments (IPS and Kablooe) that provide a full spectrum of hardware and software product design and engineering services to customers predominantly located in the United States. In the design business, its services offered vary from full development utilizing a range of in-house design and engineering functions, to targeted design and engineering support for clients with in-house development teams.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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