Forward Industries Launches Solana Validator, Delegates $1.5B In SOL

Forward Industries has unveiled a Solana validator node, delegating all 6.8 million of its SOL tokens—worth about $1.5 billion—to the network.

Built on the DoubleZero framework, the validator is powered by Jump Crypto’s Firedancer client and integrated with Galaxy, both of which support Forward’s Solana-focused treasury operations.

Investors can delegate SOL to Forward at zero cost, enhancing decentralization and network efficiency. Validators are key in blockchain ecosystems, verifying transactions and maintaining consensus.

With this launch, Forward’s validator is projected to rank among the top 10 on Solana by stake. The move follows the company’s $1.65 billion private round, which established it as the largest public Solana holder, surpassing DeFi Development Corp’s 2.09 million SOL treasury.

Forward has also set up a $4 billion at-the-market equity program, giving it the flexibility to expand further in the Solana ecosystem and strengthen its validator network.

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