Forward Industries hires former ParaFi executive to lead Solana treasury strategy
Forward Industries appointed former ParaFi executive Ryan Navi as CIO to lead its Solana treasury strategy amid market declines.Summary
Forward Industries has appointed Ryan Navi, formerly of ParaFi Capital and KKR, as its new Chief Investment Officer to guide its Solana-focused treasury strategy. Navi will be responsible for sourcing capital markets opportunities and directing how the company utilizes its staking and validator infrastructure to accumulate SOL tokens. Forward Industries, which pivoted to a crypto treasury strategy in September, currently holds approximately 6.91 million SOL, valued around $863.5 million, representing over 1% of the total SOL in circulation. This hiring comes as shares of several Solana treasury companies, including Forward Industries, have seen significant stock price declines, reflecting the recent 30% drop in the price of SOL.
(Source：Cointelegraph)