SOL Financial Company Forward Industries plans to deploy funds into Solana's DeFi protocols

ChainCatcher news, Kyle Samani, the chairman of the cryptocurrency asset management company Forward Industries, stated that the company plans to deploy funds into decentralized finance protocols on Solana.

Last week, the asset management company Forward Industries, which focuses on the Solana ecosystem, successfully raised $1.65 billion in a private funding round led by Multicoin Capital, Galaxy Digital, and Jump Crypto. Today, analysts reported that Forward Industries has utilized $1.5 billion of its total treasury of $1.6 billion to purchase SOL.