Forward Industries is set to tokenize its FORD common stock on the Solana blockchain, allowing shareholders to trade shares 24/7 and use them as collateral in decentralized finance (DeFi) lending markets. The company has teamed up with fintech firm Superstate to mint tokenized FORD shares via the Opening Bell issuance system. Additionally, Forward Industries is working with lending protocols such as Drift, Kamino, and Jupiter Lend to list these tokenized shares as eligible collateral. This move aims to enhance liquidity by integrating equity into DeFi while ensuring regulatory compliance through a regulated issuance partner.
Forward Industries to Tokenize FORD Shares on Solana for DeFi Use
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