Forward Industries to tokenize company stock and operate fully on Solana blockchain

Forward Industries plans to tokenize its company stock and operate entirely on the Solana blockchain, according to Kyle Samani, the company’s chairman.

Samani said the company intends to “run the entirety of the business on Solana,” which would include dividends, governance, stock splits, fundraising, payroll, and vendor payments.

Forward Industries describes itself as the largest Solana treasury company. The move would represent a comprehensive shift of corporate operations to blockchain infrastructure, extending beyond traditional tokenization of securities to encompass day-to-day business functions.