Forward Industries has joined the Sanctosphere with fwdSOL, a liquid staking token (LST) launched through Sanctum’s Staking-as-a-Service offering.
Supported by Multicoin, Galaxy, and Jump, Forward Industries is the largest corporate SOL treasury globally, with over 6.9 million SOL held in reserves. The team has bootstrapped fwdSOL with ~25% of their SOL holdings (represented by over 1.7 million fwdSOL).
Forward Industries And The Institutional Case For Liquid Staking
Forward Industries shares our passion for Solana, operating under the team's deep, multifaceted experience across various ecosystem niches. The firm's main backers have supported standout ecosystem projects like Drift (Sanctum LST partner, dSOL), Kamino, and DoubleZero, among many others, even participating in funding Solana itself.
Famously, they've contributed standout written works like Chairman Kyle Samani's The Solana Thesis: Internet Capital Markets, which has served as a core foundational component for Solana's focused narrative of bringing traditional finance onchain via tokenization. This narrative has increased in importance throughout 2025 with the rise of Digital Asset Treasury (DAT) firms like Forward Industries.
The team’s meaningful adoption of liquid staking into its business model is a clear proof point of what we at Sanctum have been saying all year: liquid staking is essential for any entity holding large SOL positions. To remain competitive, these firms must earn yield while preserving liquidity and operational flexibility, something that native staking alone cannot provide.
→ The Solana DAT Growth Playbook
Sanctum For Institutions
Institutions earning yield on SOL at scale require staking infrastructure they can shape around regulatory constraints, delegation strategies, reserve ratios, and much more.
While most liquid staking solutions rely on fixed delegation models and overall have little customization available, Sanctum gives institutions direct control and bespoke customization. Through our Staking-as-a-Service offering, firms can customize validator selection, stake allocation, jurisdictional alignment, reserve ratios, gated deposits, and other core parameters.
This approach allows institutional SOL holders to maximize SOL-per-share without being boxed into one-size-fits-all structures. They get purpose-built staking architecture, backed by the most advanced liquid staking infrastructure on Solana.
→ Why Every DAT & ETF Should Earn SOL Yield With Sanctum
Level Up Your Treasury
We believe the ongoing influx of institutional capital into Solana will continue to drive progress for the ecosystem.
For teams like Forward Industries, we stand ready to ensure their SOL treasuries remain liquid with full power to expand yield-earning potential through DeFi activities.
If you’re an institutional allocator and want to learn more: