Forward Industries Partners with Groma to Bring Tokenized Real Estate to Solana

Rhea-AI Summary

Forward Industries (NASDAQ: FWDI) partnered with Groma and expects to take up to a $30M allocation in GromaCoin (GRO). The allocation is tied to GRO's Solana launch, which Groma expects in Q1 2027. Each token represents a share in the Groma Real Estate Trust, a U.S.-regulated real estate investment trust holding income-producing residential properties. Forward will also work with Groma to expand GRO access across Solana, with Forward aiming to create a dollar-denominated revenue stream.

GRO is currently available only to accredited investors. Groma is pursuing a Regulation A+ offering, subject to SEC qualification, and expects to make up to $75 million available to the general public in the first year following launch. Groma also plans to build on Kamino, whose lending protocol it expects to enable borrowing against GRO holdings.

2 points · 0 major

PositiveiHow this balance works

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0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Forward's Groma partnership includes an expected allocation of up to $30M tied to GRO's Solana launch. 6.9% of market cap
• Minor point. Forward-looking: it has not happened yet and may not happen.Forward plans to expand GRO access across Solana, aiming to create a dollar-denominated revenue stream.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Forward's expected allocation is tied to a Solana launch Groma expects in Q1 2027, not a completed launch.
• Minor pointGRO access remains accredited-investor only; broader public access depends on SEC qualification of Groma's offering.

News Explained

Beyond the planned Solana distribution, Groma reports that GRO already has more than $95 million in tokenized value and nearly $50 million in capital inflows year to date in 2026.

Key Figures

GRO allocation: Up to $30M Planned Solana launch: Q1 2027 Potential first-year offering: Up to $75 million +2 more

GRO allocation

Up to $30M

Forward expects to take the allocation in connection with GromaCoin's Solana launch

Planned Solana launch

Q1 2027

Groma's expected launch timing

Potential first-year offering

Up to $75 million

Groma expects this amount to be available in the first year following launch, subject to SEC qualification

Tokenized value

More than $95 million

Groma-reported current tokenized value of GRO

Capital inflows

Nearly $50 million

Groma-reported inflows in 2026 year to date

Key Terms

regulation a+, accredited investors, decentralized finance, real estate investment trust

4 terms

regulation a+ regulatory

"Groma is pursuing an offering under Regulation A+"

Regulation A+ is a U.S. securities rule that lets companies offer and sell shares to the public with a faster, simpler approval process and lighter reporting than a full stock market listing. It matters to investors because it provides earlier access to smaller or growing companies with lower investment minimums, but usually comes with higher risk and less information than established public firms—like investing in a local business expansion rather than a national chain.

accredited investors regulatory

"GRO is currently available only to accredited investors."

Accredited investors are individuals or entities considered to have enough financial knowledge and resources to understand and handle more complex and risky investments. They are often allowed to participate in private investment opportunities that are not available to the general public, similar to how experienced players might access exclusive clubs or events. This status helps ensure that investors can manage potential risks and rewards appropriately.

decentralized finance technical

"use it for borrowing and lending through decentralized finance applications."

Decentralized finance, often called DeFi, is a way of using digital technology to offer financial services like lending, borrowing, and trading without relying on traditional banks or institutions. It operates on open networks where anyone can participate, much like a digital marketplace that runs on shared computer systems. For investors, DeFi provides more direct control over their assets and access to financial activities outside conventional systems.

real estate investment trust financial

"a U.S.-regulated real estate investment trust that owns a portfolio"

A real estate investment trust (REIT) is a company that owns and manages income-producing properties—like apartment buildings, shopping centers, offices, or warehouses—and is required to pass most of its rental income to shareholders as dividends. Think of it as a shared property owner: instead of buying a whole building, investors buy a slice of a portfolio that pays regular income and can offer exposure to property values and rental markets without direct management. REITs matter to investors for predictable income, diversification, and liquidity compared with owning physical real estate.

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Forward to Take Strategic Allocation in GromaCoin (GRO) Ahead of Its Planned Q1 2027 Solana Launch

NEW YORK, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the "Company" or "Forward"), the leading Solana treasury company, today announced a strategic partnership with Groma, the issuer of GromaCoin (GRO), a tokenized real estate asset. Under the partnership, Forward expects to take up to a $30M allocation of GRO in connection with GromaCoin's launch on Solana, which Groma expects in the first quarter of 2027. Forward will also work with Groma to expand access to GRO across the Solana ecosystem.

Each GromaCoin is a tokenized share in the Groma Real Estate Trust, a U.S.-regulated real estate investment trust that owns a portfolio of income-producing residential properties. GRO is currently available only to accredited investors. Groma is pursuing an offering under Regulation A+, and, subject to qualification by the U.S. Securities and Exchange Commission, expects to open onchain investment in GRO to the general public, with up to $75 million available in the first year following launch. Once the offering is qualified, it is intended that investors will be able to buy and sell GRO onchain regardless of accreditation status and use it for borrowing and lending through decentralized finance applications.

According to Groma, GRO is already the largest onchain real estate asset, with more than $95 million in tokenized value and nearly $50 million in capital inflows in 2026 year to date. Groma expects that bringing GRO to Solana and broadening its distribution will accelerate that growth through 2027.

“Forward is excited both to take a major stake in GromaCoin’s Solana launch and to work with the Groma team to expand access to high-quality real estate onchain while creating a new dollar denominated revenue stream for Forward”, said Forward Industries CIO Ryan Navi. “Groma’s launch of GRO is another piece of the rapidly growing tokenized RWA ecosystem on Solana. Our participation in GRO not only helps deliver our SOL++ vision by generating durable, uncorrelated revenue using our treasury but also is a commitment from our company to help develop the ecosystem of companies bringing real world assets onchain.”

"The Solana ecosystem has seen incredible growth lately, especially for real world assets, and the depth of functionality that has been built on it adds huge value for issuers and investors," said Seth Priebatsch, Founder and CEO of Groma. "In our early conversations, including with Forward, we've seen tremendous enthusiasm for GromaCoin from platforms and investors, and we're thrilled to bring GromaCoin to Solana to enable our next stage of growth and innovation."

As part of its Solana deployment, Groma plans to build on Kamino. Groma expects Kamino's lending protocol to let GRO holders borrow against their holdings, either for liquidity or to purchase additional GRO, and Kamino's asset listing features to give investors a way to evaluate GRO alongside other tokens. Forward has previously worked with Kamino and other Solana lending protocols to establish tokenized FWDI shares as eligible collateral.

The partnership builds on Forward's work to bring regulated assets onto Solana, including the launch of tokenized FWDI public shares through Superstate's Opening Bell platform. Tokenized real estate gives the Solana ecosystem access to a large asset class that has historically been difficult for most investors to own, and Forward intends to support assets like GRO as they grow on the network.

To learn more about Forward's Solana treasury strategy, please visit forwardindustries.com. To learn more about Groma and GromaCoin, please visit groma.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Forward Industries, Groma, or the Groma Real Estate Trust, including GromaCoin, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Forward Industries, Inc.

Forward Industries, Inc. (NASDAQ: FWDI) is a Solana focused digital asset treasury company, with the strategy to buy, hold, stake, trade, invest in, and grow SOL and SOL related digital assets, protocols and businesses. Our mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to and investing in the Solana network, Solana developers and Solana related projects in order to increase shareholder value. In connection with a private placement transaction in September 2025, we launched our digital asset treasury strategy supported by industry leading investors and operating partners including Galaxy Digital and Jump Crypto. For more information on the Company's Solana treasury strategy, visit forwardindustries.com.

About Groma

Groma's mission is to enable everyone to own a bit of the world. Groma issues GromaCoin (GRO), an onchain asset in which each token represents a share in the Groma Real Estate Trust, a U.S.-regulated real estate investment trust that owns a portfolio of income-producing residential properties. Founded in 2020, Groma is based in Boston, Massachusetts. Learn more at groma.com.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by the use of words such as "anticipate," "expect," "plan," "could," "may," "will," "believe," "estimate," "forecast," "goal," "project," and other words of similar meaning. These forward-looking statements address various matters including statements relating to the Company's plan for value creation and strategic advantages, market size and growth opportunities, the Company's expected allocation in GromaCoin, and the expected timing and terms of Groma's Solana launch and Regulation A offering. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, failure to realize the anticipated benefits of the proposed digital asset treasury strategy or of the Company's partnership with Groma; the risk that Groma's offering statement is not qualified, or is qualified on a different timeline or on different terms than expected; risks relating to the value, utility and liquidity of GromaCoin and the underlying real estate; changes in business, market, financial, political and regulatory conditions; risks relating to the Company's operations and business, including the highly volatile nature of the price of Solana and other cryptocurrencies; the risk that the price of the Company's common stock may be highly correlated to the price of the digital assets that it holds; risks related to increased competition in the industries and markets in which the Company does and will operate (including the applicable digital assets market); risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes, as well as those risks and uncertainties identified in the Company's filings with the Securities and Exchange Commission. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements.

Contacts
Media Contact
Carissa Felger / Sam Cohen
Gasthalter & Co.
(212) 257-4170
Forward@gasthalter.com

Investor Relations Contact
Sean Mansouri, CFA / Aaron D'Souza
Elevate IR
(720) 330-2829
ir@forwardindustries.com

Groma Contact
press@groma.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much does Forward Industries plan to invest in GromaCoin?

Forward expects to take up to a $30M allocation in GromaCoin in connection with its Solana launch. Groma expects that launch in the first quarter of 2027; the allocation is not described as completed.

What does GromaCoin represent in Forward Industries' Groma partnership?

Each GromaCoin token represents a share in the Groma Real Estate Trust. The trust is a U.S.-regulated real estate investment trust that owns a portfolio of income-producing residential properties.