Forward Industries, Inc. (NASDAQ: FWDI) announced a strategic investment in onchain reinsurance company OnRe as part of OnRe's $5 million Series A round. The company also plans to deploy up to $25 million into OnRe's yield-bearing token ONyc on the Solana blockchain, according to a press release.
The investment marks a significant expansion of Forward Industries' treasury strategy into tokenized real-world assets and diversified income streams. Forward Industries, a Solana-focused digital asset treasury company, stated its mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with Solana-related projects.
"We are excited to invest in OnRe and deploy capital into their tokenized reinsurance platform," said a company representative. The move aligns with Forward's strategy to buy, hold, stake, trade, and invest in SOL and SOL-related digital assets, protocols, and businesses.
The company launched its digital asset treasury strategy in September 2025 through a private placement transaction, supported by industry-leading investors including Galaxy Digital and Jump Crypto. For more information on Forward Industries' Solana treasury strategy, visit forwardindustries.com.
OnRe's platform leverages blockchain technology to offer tokenized reinsurance products, potentially increasing transparency and efficiency in the reinsurance market. The deployment of $25 million into ONyc tokens is expected to generate yield for Forward Industries while supporting OnRe's growth.
This investment underscores the growing trend of traditional companies integrating digital assets and blockchain technology into their treasury operations. Forward Industries' focus on Solana-based assets positions it to capitalize on the expanding ecosystem. For the latest news and updates on Forward Industries, visit the company's newsroom at cnw.fm/FWDI.
The full press release is available at ccw.fm/pXcZ9.
