Forward Industries, Inc.

Forward Industries spent decades as a small New York designer and distributor of carrying cases for medical devices like glucose monitors before making one of 2025's sharpest corporate pivots: a roughly 1.65 billion dollar private placement led by Galaxy Digital, Jump Crypto and Multicoin Capital turned it into a Solana treasury company. The stock now trades primarily as leveraged exposure to SOL held on the balance sheet, with the legacy products business a rounding error next to the crypto position. That makes the share price swing with Solana's, amplified by the premium or discount the market assigns to the treasury structure. Superstate has tokenized FWDI equity on-chain, and perp markets on the ticker extend that access; the original medical-case operation still exists inside the shell.

On MyRWA, FWDI trades tokenized across 9 on-chain venues - see the listings below.