Forward Industries to Take Up to $30M Stake in GromaCoin Ahead of Solana Launch

Solana treasury company Forward Industries (NASDAQ: $FWDI) said Thursday it plans to invest up to $30 million in GromaCoin, a tokenized real estate asset expected to launch on the Solana blockchain in the first quarter of 2027.

The partnership with Groma, the issuer of GromaCoin (CRYPTO: $GRO), would expand Forward's exposure to tokenized real-world assets beyond its SOL treasury. The announcement comes two days after Forward committed up to $50 million to a tokenized U.S. home price index product.

According to the press release, each GromaCoin represents a tokenized share in the Groma Real Estate Trust, a U.S.-regulated real estate investment trust that owns income-producing residential properties. The token is currently available only to accredited investors.

Groma is pursuing an offering under Regulation A+, which would allow it to open the investment to the general public following qualification by the Securities and Exchange Commission. The company expects up to $75 million in investment capacity during the first year after launch.

Once qualified, the offering would allow investors to buy and sell GromaCoin onchain regardless of their accreditation status. The companies also expect the token to be used as collateral for borrowing and lending through decentralized finance applications.

Groma plans to integrate the token with Kamino, a Solana (CRYPTO: $SOL) based lending protocol, allowing holders to borrow against their GRO positions for liquidity or to acquire additional tokens. Forward has previously worked with Kamino and other Solana lending platforms to make tokenized shares of its own stock eligible as collateral.

Groma said GromaCoin is already the largest onchain real estate asset, with more than $95 million in tokenized value and nearly $50 million in capital inflows during 2026. The Boston-based company, founded in 2020, expects distribution through Solana to support further growth through 2027.

Forward Chief Investment Officer Ryan Navi described the investment as an opportunity to establish a new dollar-denominated revenue stream. He said the strategy aims to generate "durable, uncorrelated revenue" through the company's treasury as part of its SOL++ strategy.

Groma founder and Chief Executive Seth Priebatsch said early discussions with platforms and investors, including Forward, had generated "tremendous enthusiasm" for the token.

The partnership builds on Forward's efforts to bring regulated assets onto Solana, including tokenized shares of its own stock launched through Superstate's Opening Bell platform.

Shares of Forward Industries (NASDAQ: FWDI) were last trading at $5.08.