Forward Industries, a leading digital assets trust focused on Solana, has announced a strategic investment of up to $25 million in OnRe’s ONyc token, an on-chain reinsurance product designed to generate institutional-level yields within decentralized finance. This marks a diversification for Forward beyond conventional staking rewards into yield strategies backed by real-world cash flows.
OnRe recently completed a $5 million Series A funding round, co-led by Forward Industries and RockawayX, a global digital asset investment firm. ONyc acts as a yield-bearing token that allows cryptocurrency holders to access reinsurance returns, which can be deployed as collateral in lending, borrowing, and looping strategies across Solana’s DeFi ecosystem. This integration aims to enhance users’ flexibility and yield opportunities within the blockchain’s financial applications.
Ryan Navi, Forward Industries’ Chief Investment Officer, described the investment as a natural progression of their Solana treasury strategy, emphasizing the move toward complementary and uncorrelated cash flow sources beyond native staking yields. Meanwhile, the Solana ecosystem continues to attract significant institutional activity. Forward Industries itself holds over 7 million SOL tokens, representing a notable share of Solana’s overall circulating supply.
Parallel to Forward’s investment, MoonPay, a provider of crypto payment infrastructure, acquired DFlow, a trading platform built on Solana, for $100 million in stock. This acquisition reflects growing interest in expanding Solana’s usability and infrastructure.
Despite this surge in institutional moves, on-chain activity indicators present a mixed picture. Solana’s weekly active addresses have declined to under 3 million, according to Santiment data, yet market sentiment for the blockchain has risen to levels not seen since earlier this year. Solana’s price increased over 5% recently, trading near $90, while Forward Industries’ stock reflecting SOL holdings rose in tandem.
Previously, AMBCrypto reported that treasury-driven demand for institutional yields pushed Solana’s real-world asset (RWA) value above $1.7 billion. Taken together, these developments highlight an evolving maturity in Solana’s financial ecosystem and suggest momentum toward broader market adoption and innovation.