Nasdaq-listed Forward Industries is planning to channel its funds into Solana’s DeFi protocols, signaling growing institutional interest in the ecosystem.
Last week, Forward Industries completed a $1.65 billion private funding round led by Multicoin Capital, Galaxy Digital, and Jump Crypto. The firm is now moving forward with a Solana-focused strategy, with Multicoin Capital co-founder Kyle Samani serving as its new chairman. Well-known crypto personality Ansem commented that allocating corporate treasuries to Solana-native DeFi could strengthen its competitive edge against Ethereum—a statement Samani confirmed by saying, “This is the plan.”
While Forward Industries has yet to announce its first Solana purchase, public corporate treasuries already hold over 4.7 million SOL. This highlights the accelerating institutional inflow into the network. With its high speed and low fees, Solana has become one of Ethereum’s strongest rivals, though it still lags behind in DeFi adoption. Institutional capital, however, could help bridge this gap.
According to experts, corporate investments in Solana protocols could boost liquidity and accelerate the network’s growth. Forward Industries’ upcoming steps are set to reveal Solana’s institutional appeal and its potential rise in the DeFi landscape.
