SOL treasury Forward plans to deploy funds into Solana DeFi protocol

BlockBeats News, September 15, According to TheBlock, Kyle Samani, chairman of Forward Industries, SOL treasury company Forward Industries, said the company plans to deploy funds to the DeFi protocol on Solana. BlockBeats previously reported that Forward Industries currently owns $1.6 billion in funding has invested $1.5 billion in buying SOL. Galaxy Digital hoarded $400 million SOL for Forward Industries yesterday, and Forward Industries already owned $1.1 billion worth of SOL in Coinbase Prime Custody. Yesterday, KOL Ansem of Crypto said, "One of Solana's weaknesses compared to Ethereum is DeFi activity. If Kyle Samani and others can invest the funds in these SOL treasuries (DATs) into the DeFi protocol, it will be very bullish."