Forward Industries launches Solana validator, $1.6B SOL staked

Forward Industries has staked its entire $1.6 billion Solana treasury into a new validator, immediately joining the network’s top 10.

Publicly-traded Solana treasury company Forward Industries launched its first institutional-grade validator node on the Solana blockchain as part of its broader strategy to deepen its role within the Solana ecosystem. 

The company announced the launch on Tuesday, saying that the validator runs on DoubleZero’s fiber network, which powers the validator and uses Jump Crypto’s Firedancer client, a new independent Solana validator client. 

Kyle Samani, chairman of the board of Forward Industries, said the move allows them to fortify Solana’s resiliency and help ensure that it remains “the standard for institutional adoption” in decentralized finance (DeFi). 

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