Forward Industries (NASDAQ: FWDI), a company focused on building a Solana treasury, announced the appointment of Michael Ashe to its board of directors, effective immediately. Ashe, who previously served as a board observer, brings extensive leadership experience in strategy, corporate development, and investment banking from Galaxy Digital, Oppenheimer & Co. Inc., and Citi. Chairman Kyle Samani stated that Ashe's appointment reflects the board's confidence in his expertise as the company continues to expand its Solana treasury strategy.
Ashe currently serves as chief strategy officer at Galaxy Digital, a leading digital asset financial services firm. His background includes roles at Oppenheimer & Co. Inc. and Citi, where he gained deep experience in investment banking and corporate development. His addition to the board is expected to provide valuable strategic guidance as Forward Industries pursues its mission to buy, hold, stake, trade, invest in, and grow SOL and related digital assets, protocols, and businesses.
Forward Industries launched its digital asset treasury strategy in September 2025 following a private placement transaction supported by industry-leading investors and operating partners, including Galaxy Digital and Jump Crypto. The company's strategy focuses on expanding and strengthening the Solana ecosystem by acquiring and staking SOL, engaging with the Solana network, providing tools to developers, and investing in Solana-related projects. The appointment of a Galaxy Digital executive to the board underscores the deepening relationship between the two firms and the commitment to growing the Solana ecosystem.
For more information, the full press release is available at https://ibn.fm/7NzLC. Additional news and updates regarding FWDI can be accessed in the company's newsroom at https://ibn.fm/FWDI.
