Forward Industries plans to launch tokenized stocks on the Solana chain

ChainCatcher news, Solana treasury company Forward Industries (FORD) announced that it has partnered with fintech company Superstate to allow shareholders to tokenize and hold Ford stock on the Solana blockchain.

As part of the agreement, Forward Industries expects to take a stake in Superstate. Based on the tokenization of Ford stock, the company also plans to collaborate with Drift, Kamino, and Jupiter Lend (the three largest lending protocols on Solana).