Today, something quite interesting happened. Nasdaq-listed company Forward Industries directly moved its stock onto the Solana chain, turning it into an SPL token. It sounds a bit magical, but this is the current trend—within Solana's DeFi ecosystem, you can buy and sell this company's "on-chain stock" just like trading tokens, completely bypassing the traditional broker's complicated procedures.

How does it work exactly? Forward Industries partnered with the institution Superstate, and through their Opening Bell platform, they tokenized stocks that are officially registered with the US SEC. The stock itself hasn't changed; it's just transformed from a paper record in a traditional account into an on-chain FWDI token. With this, you can use it in DeFi for various activities—collateralizing to borrow coins, adding to liquidity mining, or even trading as part of a portfolio with other assets, fully integrated into the Solana ecosystem.

How is compliance ensured? Superstate has a dedicated transfer agent to handle this. They track who owns which stocks in a non-custodial DeFi environment, very transparently; if you want to transfer stocks from a traditional brokerage account to a whitelisted Solana wallet, they can also help you with that.

Previously, when we discussed RWA (Real-World Asset Tokenization), most cases involved assets like bonds, real estate, or commodities. Now, the equity of a listed company is directly on-chain, and it's the first to be usable directly within DeFi. This effectively breaks down the wall between traditional finance and on-chain finance, allowing real-world assets to seamlessly flow into the blockchain ecosystem. Imagine what this breakthrough means for the entire industry.