Participated · Equity · Sep 2025

Forward Industries provides product design services to medical and technology companies and has been developing products for over 60 years. The company completed a $1.65 billion private investment in public equity (PIPE) specifically to fund purchases of SOL, the native token of the Solana blockchain. Forward plans to use net proceeds primarily to buy SOL for its treasury and for working capital, a Solana treasury strategy it established in September 2025. Galaxy Digital, Jump Crypto and Multicoin Capital will provide strategic guidance to Forward on structuring and executing that treasury strategy beyond their financial investment. Cantor Fitzgerald acted as lead placement agent and Galaxy Investment Banking served as co-agent of placement and financial advisor on the transaction. The company also appointed Kyle Samani of Multicoin Capital as chairman of the board and added interim CEO Michael Pruitt to the board.

Led · Equity · Feb 2025

Kinto is a modular exchange built on a custom Layer 2 stack with Chain Abstraction technology that combines institutional-grade security with retail accessibility. Its core product is a non-custodial smart wallet and modular exchange offering features such as User-Owned KYC, insured wallets, chain-abstracted swaps and lending markets, and a native Hyperliquid integration for advanced trading. The platform aims to bridge traditional and decentralized finance and to make it easy for users to move on- and off-chain without using centralized exchanges. Kinto currently serves approximately 75,000 verified users and manages about $62 million in total value locked, and the company reports steady revenue streams. Large institutional participation includes a $20 million asset deployment by Brevan Howard Digital’s Abu Dhabi branch. The company is preparing a token launch scheduled for February 18, 2025 as a key milestone in its product rollout. Kinto is a KYC’ed Layer 2 blockchain designed to support modern financial institutions and decentralized protocols with low cost and security. The network aims to meet requirements of both DeFi and traditional finance while protecting user privacy and assets. Kinto’s KYC mechanism encrypts personal information and stores it with a third party, shareable only at user request. The platform insures every app to shield users from untraceable exploits and anonymous scams. It also offers developer incentives intended to make the network attractive for launching new applications. Kinto raised $5M across two rounds to fund team expansion and network development and is led by CEO Ramon Recuero in Orlando, FL.