according to Theblock, cryptocurrency asset management company Forward Industries chairman Kyle Samani said the company plans to deploy funds into decentralized financial protocols on Solana. Last week, asset management company Forward Industries, which focuses on the Solana ecosystem, successfully raised $1.65 billion in a private financing round led by Multicoin Capital, Galaxy Digital, and Jump Crypto. Analysts today said: Forward Industries has used $1.5 billion of the total treasury of $1.6 billion to purchase SOL.