Forward Industries Commits Up to $50 Million to USHP, Co-Anchoring Its $100 Million Launch
Key Highlights
- ➤Forward commits up to $50 million to USHP’s $100 million pre-launch raise
- ➤Forward acquires Index Industries minority stake and warrants for additional equity
- ➤USHP plans end-2026 launch and Solana expansion in 2027
- ➤USHP tracks U.S. home prices and is backed by housing-related reserve assets
- ➤Forward intends to use USHP income to cover costs and accumulate SOL
Expert Statements
Ryan Navi, Chief Investment Officer of Forward Industries
“SOL++ starts with SOL and adds productive assets that generate income we can put back to work for shareholders.”
Ryan Navi, Chief Investment Officer of Forward Industries
“USHP brings a powerful new component to that strategy: dollar-denominated income backed by U.S. housing, with historically low correlation to crypto markets.”
Ryan Navi, Chief Investment Officer of Forward Industries
“We intend to use that income to cover dollar-denominated costs and accumulate SOL, creating buying power that is less dependent on issuing new shares.”
Ryan Navi, Chief Investment Officer of Forward Industries
“Our ambition is to build the Berkshire Hathaway of Solana - a permanent-capital company whose productive assets help compound SOL per share.”
Ryan Navi, Chief Investment Officer of Forward Industries
“Berkshire’s insurance float gave it investment capital independent of its share price. We are working toward a similar independence through staking, strategic investments and income-generating assets like USHP.”
Ryan Navi, Chief Investment Officer of Forward Industries
“Our balance sheet can also help bring institutional assets to Solana.”
Ryan Navi, Chief Investment Officer of Forward Industries
“By anchoring USHP’s pre-launch raise, we gain an early position and help shape its planned expansion to Solana in 2027.”
Ryan Navi, Chief Investment Officer of Forward Industries
“Our equity exposure to Index Industries gives us an additional stake in the infrastructure behind USHP and future housing-linked products.”
Ryan Navi, Chief Investment Officer of Forward Industries
“That is the broader opportunity: deploy capital into productive assets, bring those assets onto Solana and reinvest the income to grow SOL per share.”
Josh Rosenthal, Co-founder and Chief Executive Officer of Index Industries
“Housing is one of the largest stores of wealth in America, yet it has never had a liquid index product.”
Josh Rosenthal, Co-founder and Chief Executive Officer of Index Industries
“We wanted anchor partners who understand onchain markets and invest for the long term.”
Josh Rosenthal, Co-founder and Chief Executive Officer of Index Industries
“Forward brings both.”
Josh Rosenthal, Co-founder and Chief Executive Officer of Index Industries
“Solana’s settlement speed and the depth of its tokenized-asset ecosystem make it a natural next step for USHP.”
Allocation adds exposure to a U.S. home price index, with income generated by a diverse pool of housing-related reserve assets to Forward's SOL++ strategy ahead of USHP's expansion to Solana.
AUSTIN, TX, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) ("Forward" or the "Company"), the leading Solana treasury company, today announced a commitment of up to $50 million to USHP, which USHP Limited describes as the first tokenized liquid index product tracking U.S. home prices. According to USHP Limited, USHP has received up to $100 million in pre-launch institutional commitments, including from Forward.
Get started
Create a free account to read the full story.