Forward Industries has named Ryan Navi as its chief investment officer to lead its Solana-focused treasury strategy. Navi, who previously led digital-asset investments at ParaFi Capital, will manage capital markets opportunities and oversee the use of Forward's staking and validator infrastructure to accumulate Solana's native token, SOL. Forward Industries, which transitioned from a design company to a Solana treasury firm in September, currently holds 6,910,568 SOL valued at approximately $863.5 million, representing over 1% of the total SOL in circulation. The company has been expanding its presence in the Solana ecosystem, launching its first institutional-grade validator node in October. Despite these developments, Forward Industries' shares have faced significant pressure, declining nearly 80% from a peak in September, amid a broader downturn in SOL prices, which have dropped over 30% in the past month.