Forward Industries plans to launch tokenized stocks on the Solana chain

ChainCatcher news, according to businesswire, Solana treasury company Forward Industries (FORD) announced a partnership with fintech company Superstate, allowing 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).