Tokenized Forward Industries ($FWDI) Now Available on Solana

Backpack expands its tokenized stock lineup on Solana with Forward Industries ($FWDI). Each $FWDI token is tradable 24/7 and redeemable 1:1 for a traditional share of Forward Industries (Nasdaq: FWDI) through Backpack Securities.

Token details

About Forward Industries

Forward Industries, Inc. (Nasdaq: FWDI) is a digital asset treasury company built around Solana. It started the strategy in September 2025 through a private placement backed by investors and operating partners including Galaxy Digital and Jump Crypto, and it now holds one of the largest SOL treasuries of any listed company. Beyond holding SOL, Forward stakes it and takes part in onchain activity such as lending and DeFi.

Moving between $FWDI and traditional FWDI shares

$FWDI and traditional Forward Industries, Inc. (Nasdaq: FWDI) shares are convertible 1:1 through Backpack Exchange. The flow works the same way as depositing or withdrawing a stablecoin.

Withdraw a share of Forward Industries from Backpack Exchange to tokenize it into $FWDI on Solana.

Deposit $FWDI from a Solana wallet to Backpack Exchange to convert it back into the underlying FWDI share held in Backpack Securities.

How to trade $FWDI

You can trade Backpack-issued $FWDI on Solana using Backpack Wallet.

$FWDI is also accessible across the Solana ecosystem, including decentralized exchanges, aggregators, wallets, and apps such as Backpack, fomo, Titan, Jupiter, Phantom, Solflare, Raydium, Kamino, and others.

Unlike most tokenized stocks that only track a price, tokenized securities issued by Backpack, including $FWDI, are:

• Redeemable 1:1 for real underlying shares
• Transferable to traditional brokerages