-
Forward Industries hires former ParaFi exec Ryan Navi as CIO
-
Company’s Solana holdings down more than 40 percent since September
-
Forward holds the largest Solana treasury among publicly listed firms
-
Navi will oversee capital markets strategy, staking operations and treasury growth
-
Forward recently added a 25 member advisory board to strengthen strategy
Forward Brings in New Leadership After Sharp Treasury Decline
Forward Industries has hired former ParaFi Capital managing director Ryan Navi as its new chief investment officer. The company holds the largest Solana digital asset treasury, but the value of its holdings has dropped more than 40 percent since mid September.
Forward accumulated more than 6.8 million SOL at an average price of 232 dollars. With SOL now trading near 124 dollars, the firm is under pressure to strengthen its long term strategy.
New CIO to Lead Treasury, Staking and Capital Markets Strategy
Navi will oversee treasury management, validator operations, and new yield opportunities designed to increase SOL per share. Forward says his experience in venture investing and Solana focused strategies aligns with its long term goals.
ParaFi has invested in Forward as well as other Solana treasury companies, including Sharps Technology and Sol Strategies.
Forward Builds Broader Advisory Structure
The company has also formed a 25 member crypto advisory board drawn from DeFi, Solana, and traditional finance. Forward says both the new hire and new board reflect its plan to build the most active public Solana treasury company.
