InvestmentMay 5, 2026, 08:32 AM
Forward Industries Invests in OnRe, Deploys $25M into ONyc Token
AI Summary
Forward Industries, Inc. announced a strategic investment in OnRe, a regulated onchain reinsurance company, co-leading its $5 million Series A round with RockawayX. The company also intends to deploy up to $25 million into ONyc, OnRe's yield-bearing token on Solana. This move expands Forward's Solana treasury strategy by gaining exposure to tokenized real-world assets and aims to generate durable, dollar-denominated income, diversifying its existing SOL-focused strategies and building shareholder value.
Key Highlights
- Forward Industries co-led OnRe's $5 million Series A round with RockawayX.
- Forward intends to deploy up to $25 million into OnRe's yield-bearing ONyc token.
- OnRe is a Bermuda-licensed, regulated onchain reinsurance company.
- ONyc token offers onchain participants exposure to diversified reinsurance risk.
- Investment expands Forward's Solana treasury strategy beyond native staking yield.
- Aims to generate durable, dollar-denominated income and diversify treasury.
- Forward views this as a foundational step to become the "Berkshire Hathaway of Solana".