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About Forum
Forum is an asset management company focused on tokenizing real-world assets (RWA) on the Ethereum blockchain. Its core business involves acquiring cash-flowing assets such as auto loans, structuring them into tokenized products, and distributing them through regulated platforms like Liquidity.io.
The company's competitive edge lies in integrating AI-driven underwriting with blockchain settlement infrastructure. By partnering with firms like Karus for credit analytics and Automatic USA for loan origination, Forum can assess risk in real-time and settle transactions 24/7/365, a significant improvement over traditional batch settlement systems.
The primary market problem Forum addresses is the illiquidity and inefficiency of traditional asset markets. Conventional loan warehouses often involve manual processes, limited trading hours, and high friction. Forum's blockchain-based approach enables continuous liquidity, transparent tracking, and fractional ownership, making institutional-grade assets accessible to a broader investor base.
In the past six months (February to August 2026), Forum established a $10 million revolving warehouse facility for auto loans. This facility generates approximately 12-13% annualized yield while serving as a proof of concept for its broader tokenization strategy. The company demonstrated that combining AI underwriting with blockchain rails can create scalable funding infrastructure, positioning itself to expand into other asset classes like manufactured home loans and aerospace equipment finance.
Forum Markets reported Q2 2026 revenue of approximately $1.4 million, down from $2.9 million in Q1, due to the elimination of $1.8 million in staking revenue after selling most of its Ethereum holdings. Net loss narrowed sharply to $12.4 million from $77.5 million, with adjusted EBITDA loss at $7.4 million versus $76 million. The company maintained full-year revenue guidance of $18-22 million and targets cash-flow positivity by early 2027. The results reflect a cleaner operating structure focused on real-world assets like aircraft leases, manufactured housing, and auto loans, though revenue declined and expenses remained elevated.
Blair Jordan (CEO & Director): No detailed bio available from provided sources.
McAndrew Rudisill (Chairman & Director): Managing Partner & Founder of Harbour Island LLC, a digital asset investment firm; previously CIO of Bridger Aerospace and Capital Vacations; CEO of Emerald Oil; founded Pelagic Capital Advisors.
Stephen Shoemaker (Independent Director): Seasoned executive with $2B+ capital raised as CEO/CFO across four companies; ex-CEO of WIN Group (iGaming) and Engine Media Holdings (eSports); appointed to board Dec 2024.
Ryan Smith (Lead Independent Director): No detailed bio available from provided sources.
Crystal Heter (Independent Director): No detailed bio available from provided sources.
Andrew Suckling (Independent Director): 30+ years in finance; Partner & Founder of Verulam LLC; board member of American Battery Materials; non-exec chairman of Cadence Minerals; former partner at Ospraie Management; ex-trader at MG London.