Forward Industries hires former ParaFi executive to lead Solana's funding strategy

According to a report by Cointelegraph, Solana treasury company Forward Industries has appointed Ryan Navi as Chief Investment Officer, responsible for executing the company's Solana funding strategy. Navi previously led digital asset investments at ParaFi Capital and served as a head at KKR, focusing on liquidity and distressed credit strategies.

Forward Industries transformed this September to bet on the SOL token as part of its crypto funding strategy. According to CoinGecko data, Forward currently holds 6.91 million SOL, worth approximately $863.5 million, accounting for over 1% of the total circulating supply of SOL. The company launched its first institutional-grade validator node in October and authorized a $1 billion stock buyback plan in November.