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Kyle Samani
Kyle Samani
Former Managing Partner, Multicoin Capital
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Inside Forward Industries' SOL Strategy

📅 Dec 15, 2025 CoinDesk 8 MIN 230 VIEWS 27 SEGMENTS · 2 SPEAKERS
Speaking with CoinDesk from Solana Breakpoint, Multicoin Capital Co-Founder & Managing Partner Forward Industries Chairman Kyle Samani discusses the biggest news from the event, including major financial firms launching tokenized products on the network. He explains how Forward Industries is actively leveraging Solana's thriving DeFi ecosystem to generate yield—a strategy fundamentally different from bitcoin treasury models, and reveals his prediction for the inevitable consolidation of digital asset treasury companies. - Timestamps: 00:48 - How the Risk of Trading a Memecoin Compares to Skydi...

Questions asked in this interview

11
  1. 0:36I'm now joined by co-founder and managing partner of Multicoin Capital and chairman of Forward Industries, Kyle Samani. Kyle, how's it going?
  2. 0:45What's the most exciting thing you've done in the last two days?
  3. 0:50Okay, that is very exciting. Was it a first time?
  4. 1:08How does taking that risk and doing this beautiful thing bring us back to breakpoint and how you're interacting in the Solana ecosystem?
  5. 1:47How does that take shape and what is the plan there?
  6. 2:33What do you think when you hear folks saying that and tell us a little bit more about the acquisitions and the strategy for Forward Industries as we move into 2026?
  7. 3:58Do you think all the digital asset treasury companies we've seen come to fruition over the past year are still going to be around in a few years from now?
  8. 4:06Who's going to be able to weather the storm?
  9. 5:26Do you think that's going to be a hurdle that the industry has to overcome?
  10. 5:56What are some of the opportunities that we've identified that can carry the next generation of them into the longer term?
  11. 7:18What are you really excited about?
Kyle Samani 0:00 ↗
The challenge with Bitcoin is Bitcoin doesn't do anything. It's just your pet rock. You put it under your mattress, it just sits there. Solana is not that. Solana has this thriving ecosystem of all these DeFi protocols, these DePIN teams. So you have all of this cool activity happening on chain. And we've realized there's an opportunity to not only tap into all of that stuff to earn incremental yields for our shareholders, but to then obviously take this idea of DeFi and of trading that Solana provides and embed it into all kinds of applications and services around the internet.
Interviewer 0:36 ↗
I'm now joined by co-founder and managing partner of Multicoin Capital and chairman of Forward Industries, Kyle Samani. Kyle, how's it going?
Kyle Samani 0:43 ↗
Jen, Marissa, thanks so much for having me.
Interviewer 0:45 ↗
Okay. What's the most exciting thing you've done in the last two days?
Kyle Samani 0:49 ↗
I went skydiving.
Interviewer 0:50 ↗
Okay, that is very exciting. Was it a first time?
Kyle Samani 0:53 ↗
Second time. I went skydiving like 14 years ago. But the most iconic skydiving in the world is over the Palm in Dubai. So I had to do it.
Interviewer 1:02 ↗
All right. And I'm gonna put you on the spot. Bring that back to breakpoint.
Kyle Samani 1:07 ↗
To breakpoint.
Interviewer 1:08 ↗
Skydiving. How does taking that risk and doing this beautiful thing bring us back to breakpoint and how you're interacting in the Solana ecosystem?
Kyle Samani 1:17 ↗
Have you ever traded a meme coin? It's that risk. The exhilaration. The adrenaline. No, I think in all seriousness, the thing I've been most excited about was I got some time backstage yesterday with the team from State Street. They just launched their new tokenized treasuries product and I think we've seen similar announcements coming from JP Morgan, from some big firms out of the UK. It just seems like all of the major fund managers and asset issuers are issuing tokenized fund products on Solana and that's just incredible to see.
Interviewer 1:47 ↗
So, we're talking about a Solana treasury. How does that take shape and what is the plan there?
Kyle Samani 1:52 ↗
Yeah, so I launched Forward Industries, or I should say I led a 1.65 billion pipe into Forward Industries along with my co-sponsors at Jump and Galaxy a few months ago. Today Forward Industries is the largest Solana digital asset treasury company in the world by about a factor of 4x or so. We endeavored on this because we thought there was a really interesting opportunity not to have a vehicle that holds SOL in public markets but to have a kind of Berkshire Hathaway style publicly traded company that can use its balance sheet to make creative and strategic acquisitions in and around the crypto ecosystems and to apply Solana's technology in really interesting, disruptive, and potentially very creative ways to shareholders.

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Cite this transcript

APA, MLA, BibTeX
APA

Samani, K. (2025, December 15). Inside Forward Industries' SOL Strategy [Interview transcript]. CoinDesk. CEOInterviews.AI. https://ceointerviews.ai/interview/567438/

MLA

Kyle Samani. "Inside Forward Industries' SOL Strategy." CoinDesk, 15 Dec. 2025. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/567438/.

BibTeX 
@misc{samani2025_567438,
  author       = {Kyle Samani},
  title        = {Inside Forward Industries' SOL Strategy},
  howpublished = {Interview transcript, CoinDesk. CEOInterviews.AI},
  year         = {2025},
  month        = {dec},
  url          = {https://ceointerviews.ai/interview/567438/},
  note         = {Speaker-attributed transcript with timestamps}
}