TechFlow news, December 19 — According to The Block, Forward Industries (ticker: FWDI) announced on Thursday that its shares have been successfully tokenized on the Solana blockchain via Superstate's Opening Bell platform, becoming the first publicly traded company stock directly usable in decentralized finance (DeFi).
As the largest Solana treasury company within the Solana ecosystem, Forward Industries holds approximately 6.8 million SOL tokens, with a net asset value of about $832 million—surpassing the combined total of the next three largest SOL treasury companies.
This tokenization enables FWDI shares to circulate within the Solana DeFi ecosystem as SPL standard tokens and be used as collateral on the Kamino lending protocol, allowing users to borrow stablecoins. Unlike traditional tokenization approaches, Superstate’s technology achieves direct stock tokenization, making the tokens legally equivalent to traditional shares while preserving shareholders’ voting rights.
