Forward Industries Stakes $1.5B in SOL to New Validator Node

TLDR

• Forward Industries has launched a new validator node on the Solana blockchain.
• The company delegated its entire 6.8 million SOL worth $1.5 billion to the validator.
• The validator is built on the DoubleZero network to boost performance and efficiency.
• It uses Firedancer by Jump Crypto and is integrated with Galaxy infrastructure.
• The validator is expected to rank among the top ten on the Solana network by stake.

Forward Industries has launched a new validator node on the Solana blockchain, backed by its full 6.8 million SOL stake. The firm built the validator on DoubleZero, a global performance-focused blockchain network. This move follows Forward Industries’ recent $1.65 billion private investment round.

Forward Industries Delegates $1.5 Billion in SOL

Forward Industries committed its entire Solana holdings, valued at $1.5 billion, to its validator. This validator now accepts outside stake at zero cost, providing investors fee-free delegation. It immediately places Forward among the largest validators on the network.

The validator uses Jump Crypto’s Firedancer client and integrates Galaxy infrastructure. These tools aim to boost efficiency and reinforce Forward Industries’ treasury operations. With this setup, Forward ensures speed and security on the Solana network.

According to the company, the validator will rank among the top 10 on Solana by total stake. The full 6.8 million SOL is already delegated to it. Future validators from Forward will also run on the DoubleZero network.

Strategic Support From Galaxy and Firedancer

Forward Industries designed the validator with support from Galaxy and Firedancer. Galaxy provides the technology backbone for staking and treasury operations. Firedancer contributes scalability and performance to Solana’s infrastructure.

“The validator advances our strategic focus on the Solana ecosystem,” said a spokesperson for Forward Industries. They emphasized long-term growth and zero-cost delegation. The company intends to expand its infrastructure using similar high-performance models.

Forward’s staking strategy aligns with its growing influence in decentralized finance. It aims to use all staking tools to maximize returns. The validator project reflects the firm’s ongoing blockchain expansion strategy.

FORD Expands After Private Funding Round

Last month, Forward Industries raised $1.65 billion in private capital. This funding helped secure its position as the largest Solana treasury holder among public firms. DeFi Development Corp follows, with 2.09 million SOL.

Soon after, Forward launched a $4 billion at-the-market (ATM) equity program. This move provides flexibility to scale operations and acquire more SOL. The firm has signaled long-term growth across both infrastructure and asset holdings.

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