SOL Forward Industries plans to deploy funds into Solana's DeFi protocol

According to ChainCatcher, Kyle Samani, chairman of crypto asset management company Forward Industries, said the company plans to deploy funds to a decentralized financial agreement on Solana. Last week, Forward Industries, an asset management company focused on the Solana ecosystem, successfully raised $1.65 billion in a private equity funding led by Multicoin Capital, Galaxy Digital and Jump Crypto. Today, some analysts said: Forward Industries has used $1.5 billion of the total treasury amount to purchase SOL.