Forward Industries (NASDAQ: FWDI) provided an update on its Solana-focused treasury strategy and recent operational milestones, reporting significant progress since initiating the program in September 2025. The company has generated more than 133,450 SOL in staking rewards while compounding SOL per share through disciplined deployment and on-chain yield generation. As of January 15, 2026, Forward Industries held more than 6.98 million SOL in liquid treasury assets, with nearly all holdings staked through its validator infrastructure.
The company's treasury strategy has achieved a gross annual percentage yield of 6.73% before fees, outperforming top peer validators. This performance demonstrates the effectiveness of Forward Industries' approach to managing digital assets within its corporate treasury. The company maintains sufficient operating capital and carries no corporate debt, providing financial stability alongside its innovative treasury management approach.
During December, Forward Industries announced that its SEC-registered shares became live on the Solana blockchain through Superstate's Opening Bell platform. This development marks the first instance of a public company's equity being usable directly within decentralized finance (DeFi), representing a significant milestone in the convergence of traditional finance and blockchain technology. The integration allows for new possibilities in how publicly traded securities interact with decentralized financial ecosystems.
The company also began testing its PropAMM on Solana with support from Galaxy Digital and infrastructure input from Jump Crypto. This testing phase represents another step in Forward Industries' exploration of blockchain-based financial instruments and market mechanisms. The company's Solana treasury strategy is supported by industry leading investors and operating partners, including Galaxy Digital, Jump Crypto, and Multicoin Capital, as detailed on their strategy website at https://sol.forwardindustries.com.
Forward Industries' transition to incorporating blockchain technology into its corporate operations represents a notable development in how traditional companies approach treasury management and financial innovation. The company's ability to generate substantial staking rewards while maintaining a large liquid treasury position demonstrates the potential financial benefits of blockchain-based treasury strategies. The integration of SEC-registered shares with DeFi protocols through the Solana blockchain could potentially influence how other public companies approach digital asset integration and shareholder value creation.
The company's approach to treasury management through blockchain technology may have broader implications for corporate finance practices across industries. As traditional companies explore digital asset strategies, Forward Industries' reported success with its Solana treasury program could serve as a reference point for similar initiatives. The technical infrastructure and partnerships supporting this strategy, including collaboration with established blockchain firms, suggest a structured approach to navigating the evolving landscape of digital finance.
