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FAQ: Forward Industries' Tokenized Shares on Solana Blockchain
TL;DR
Forward Industries' tokenized shares on Solana allow investors to use equity as collateral for loans, providing a competitive edge in accessing onchain liquidity.
Forward Industries integrated its SEC-registered shares with Solana's blockchain via Superstate's Opening Bell platform, enabling tokenized equity to serve as collateral on Kamino lending protocols.
This innovation extends share utility beyond traditional markets, potentially democratizing finance by enabling broader access to liquidity through regulated public equity.
Forward Industries marks the first time regulated public equity can be used as collateral in live DeFi markets, bridging traditional finance with blockchain technology.
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Forward Industries announced that its SEC-registered shares are now live on the Solana blockchain through Superstate's Opening Bell platform, allowing tokenized shares to be used as collateral in decentralized finance markets.
This marks the first time that regulated public equity can be used as collateral within a live decentralized finance (DeFi) market, showing how companies can extend the utility and life of their shares beyond traditional exchanges.
The integration allows ex-US holders of tokenized FWDI shares to post their equity as collateral on Kamino, one of Solana's leading lending protocols, enabling them to borrow stablecoins against their tokenized shares.
Forward Industries (the company issuing shares), Superstate (providing the Opening Bell platform), and Kamino (Solana's lending protocol) are all involved in this integration.
Eligible investors gain access to onchain liquidity by borrowing stablecoins against their tokenized shares while still maintaining their equity position.
The latest news and updates relating to FWDI are available in the company's newsroom at https://ibn.fm/FWDI.
Forward Industries is a Solana digital asset treasury company that is building and managing a large-scale Solana (SOL) treasury.
This announcement was published by CryptoCurrencyWire (CCW), a specialized communications platform with a focus on blockchain and cryptocurrency sectors.
Curated from InvestorBrandNetwork (IBN)
