Summary
- Forward Industries (FORD) said it plans to invest in the Solana (SOL)-based DeFi ecosystem.
- CEO Kyle Samani directly mentioned that investing in the Solana DeFi ecosystem is the company's plan.
- Forward Industries said it had raised US$1.65 billion to stockpile Solana.
Nasdaq-listed Forward Industries (FORD) plans to invest in the Solana (SOL)-based decentralized finance (DeFi) ecosystem.
On the 15th (local time), Kyle Samani, Chief Executive Officer (CEO) of Forward Industries, citing a tweet by crypto asset analyst Ansem, said, "Investing in the Solana DeFi ecosystem is our plan."
Earlier, analyst Ansem said, "Solana has the drawback of a weaker DeFi ecosystem compared to Ethereum (ETH)," and added, "If Forward Industries invests in Solana-based DeFi protocols, it would be a great help."
Meanwhile, on the 8th, Forward Industries raised US$1.65 billion (KRW 2.3 trillion) to stockpile Solana.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Analysis] “Bitcoin at risk of a fifth straight monthly decline…worst bear market since 2018”](https://media.bloomingbit.io/PROD/news/4842663d-6c96-44c4-a3d3-63aa6686644a.webp?w=250)
