Deployments · Superstate · platform by Superstate

Forward Industries (FWDI) tokenised Class A shares on Solana

Forward Industries, a Nasdaq-listed Solana treasury company, made its SEC-registered Class A shares available on Solana through Superstate's Opening Bell in December 2025, with Superstate as transfer agent recording ownership on-chain. Shareholders can move shares from a brokerage account to an allowlisted wallet, and holders outside the US can post them as collateral on the Kamino lending protocol. By October 2026 it was the largest Opening Bell stock by value.

Live (limited) since 18 Dec 2025^[1]i — Allowlisted wallets only; five holders on RWA.xyz in October 2026. · Reviewed 26d ago i

Assets

Equity^[1]

SEC-registered Class A common stock recorded on-chain by the transfer agent

Networks

Solana Public, permissionless^[1]

Use cases i

Primary issuance^[2]

Jurisdictions

United States

Participants

• Pyth NetworkTechnology provider^[1]Global
• Forward IndustriesIssuer^[1]United States
• SuperstatePlatform provider, Transfer agent or registrar^[1]United States
• KaminoTechnology provider^[1]Global

Likely relevant regulation i

• SEC framework for tokenised securities and crypto assets (federal securities laws, staff statements and exemptive relief)United States

Assets

• IssuesForward Industries Class A common stock (tokenised) (FWDI)^[1]

Data feeds

• PricesPyth NetworkPyth price feeds^[1]Real-time price feeds and market data for protocols that integrate tokenised FWDI; chain not stated.

Metrics i

• ~$53.44mValue of tokenised FWDI · as of 12 Oct 2026 · on Solana^[2]
  On-chain via RWA.xyz.
• 5 holdersToken holders · as of 12 Oct 2026^[2]

Timeline

1. Happened 18 Dec 2025 · Launch · recorded 13 Oct 2026
   Forward and Superstate make tokenised FWDI shares live on Solana, usable as collateral on Kamino by holders outside the US, with Pyth price feeds.^[1]

Sources i