"A 60-year-old design firm, Forward Industries, raised $1.65 billion in cash and stablecoin commitments to build what it calls the largest Solana treasury. This strategic fund aims to fuel development, attract talent, and build real-world utility on the network. But is this massive treasury enough to secure Solana's long-term edge, or will it fall short? Here's the impact. A Record Raise and the Players Behind It Several key players drove Solana's record-breaking raise. Here's who contributed and how they're shaping the largest Solana treasury:"
"Galaxy and Jump will provide infrastructure and advisory services, while Multicoin co-founder Kyle Samani will chair the board. Other board observers include Galaxy Digital president Chris Ferraro and Jump Crypto CIO Saurabh Sharma, reflecting a tight connection to institutional trading desks. The firm plans to deploy funds across multiple Solana protocols rather than simply holding SOL. The Shift From Design to DeFi Forward Industries' shift"
"is notable because the firm spent decades designing cases for medical and technology products. Its market cap was about $44.6 million before the announcement, and its stock jumped about 73% after the news. Kyle Samani will leverage his early investment experience with Solana to source deals, and Jump will contribute engineering talent through the Firedancer validator client, which is designed to boost Solana's throughput and resilience. Forward's management says it aims to generate "differentiated on-chain returns" via staking, lending, and trading rather than passive token holdin"
Solana is attracting corporate treasury interest through a $1.65 billion financing by Forward Industries, combining cash and stablecoins to build a large active treasury. The fund will participate in staking, lending, and trading across multiple Solana protocols and operate as a publicly traded institutional DeFi player pursuing sophisticated strategies. Galaxy and Jump provide infrastructure and advisory support while Kyle Samani chairs the board and institutional trading desk figures serve as observers. Forward shifted from decades of product design to DeFi, saw a major market-cap and stock response, and plans to generate differentiated on-chain returns rather than passive token holding.
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