Forward Industries, Inc. (NASDAQ: FWDI), a leading Solana treasury company, announced the appointment of Michael Ashe, chief strategy officer at Galaxy Digital, to its board of directors, effective immediately. Ashe previously served as a board observer and brings extensive leadership experience in strategy, corporate development, and investment banking from Galaxy Digital, Oppenheimer & Co. Inc., and Citi.
The appointment underscores Forward Industries’ commitment to strengthening its Solana treasury strategy. Chairman Kyle Samani stated that Ashe’s appointment reflects the board’s confidence in his expertise as the company continues to expand its focus on Solana digital assets. Ashe’s background in digital asset strategy and corporate development aligns with Forward Industries’ mission to acquire, stake, trade, invest in, and grow SOL and related digital assets, protocols, and businesses.
Forward Industries launched its digital asset treasury strategy in September 2025 following a private placement transaction supported by industry-leading investors such as Galaxy Digital and Jump Crypto. The company’s strategy involves buying, holding, staking, and investing in Solana-based assets to increase shareholder value. With Ashe’s addition, the board gains deep insights into the digital asset ecosystem, particularly from Galaxy Digital, a prominent player in the space.
Ashe’s appointment comes at a time when Forward Industries is actively expanding its Solana ecosystem engagement. The company aims to strengthen the Solana network by providing tools and investing in Solana developers and related projects. According to the press release, the full details are available at https://ibn.fm/7NzLC.
Forward Industries, Inc. (NASDAQ: FWDI) is a Solana-focused digital asset treasury company. Its mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with Solana network participants. For more information on the company’s Solana treasury strategy, visit forwardindustries.com. Additional news and updates regarding FWDI are available in the company’s newsroom at https://ibn.fm/FWDI.
