Top SOL-treasury firm Forward Industries has appointed Ryan Navi — former executive at ParaFi Capital — as its Chief Investment Officer to lead the company’s Solana-focused treasury strategy.
The new role puts Navi in charge of sourcing and structuring capital-markets opportunities, and managing how Forward Industries deploys its staking and validator infrastructure to support accumulation of Solana (SOL).
New leadership for Forward Industries’ Solana treasury
The move arrives after Forward Industries raised roughly $1.65 billion in a private placement to fund what it calls the largest publicly announced Solana treasury to date. Institutional-crypto firms such as Galaxy Digital, Jump Crypto and Multicoin Capital backed the round.
Under this strategy, Forward Industries will hold large amounts of SOL, operate validator nodes, stake tokens, and structure markets and yield-generating opportunities — with the aim of integrating blockchain-native assets into a corporate treasury model.
According to public data, Forward currently holds over 6.9 million SOL, representing significant exposure to Solana’s ecosystem and making it one of the top institutional holders of the token.
What this means for Solana treasuries and investors
With Forward Industries now led by experienced crypto-asset investment leadership, the company’s Solana treasury strategy gains institutional credibility. For SOL holders and broader market watchers, this could signal growing adoption of altcoin-based treasuries beyond Bitcoin or Ethereum heavyweights.
If executed successfully, Forward’s model may attract further capital inflows, encourage staking and validator infrastructure expansion on Solana, and push adoption of corporate treasuries anchored in alternative tokens — potentially enhancing liquidity and ecosystem growth.
Conclusion
Forward Industries’ appointment of Ryan Navi to lead its Solana treasury marks a major step in institutionalising altcoin-based treasuries. As the firm formalises SOL accumulation and staking under senior leadership, the broader narrative of altcoins as corporate reserve assets gains momentum
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