The company is leveraging its crypto treasury to fund a share buyback, reducing outstanding shares and potentially boosting per-share value following a six-month slide. Forward Industries, a publicly traded company with a Solana-focused treasury strategy, has launched a share repurchase program funded through a crypto-backed loan from Galaxy Digital LLC, underscoring how digital assets are increasingly being used in traditional corporate finance. The company said Thursday it will repurchase 6,164,324 shares of its common stock from an unnamed institutional investor for approximately $27.4 million, reducing total shares outstanding to 76,977,809. Cointelegraph’s email to Forward seeking further information on the identity of the selling institutional investor was not answered prior to publication. Read more
EtherFi will integrate Plume’s Nest vaults, beginning with exposure to a Superstate-backed fund and expanding to a dedicated RWA vault within its platform. EtherFi has allocated $25 million to Plume’s real-world asset (RWA) protocol Nest, marking a move to integrate tokenized RWA yield directly into its platform as it looks to expand beyond crypto-native sources of return. According to Thursday’s announcement, rollout will begin with exposure to Plume’s nBASIS vault, which is tied to Superstate’s USCC crypto carry fund, with plans to add a dedicated real-world asset vault directly into EtherFi’s interface in a later phase. The initial allocation gives EtherFi users indirect exposure to a strategy combining crypto basis trades, staking rewards and government securities, a structure traditionally available only to institutional or sophisticated investors. Read more
The crypto exchange is offering a yield product tied to Tether Gold (XAUT), signaling a shift toward turning traditionally passive assets like gold into income-generating instruments. Cryptocurrency exchange Bybit has launched a yield-bearing tokenized gold product that lets users earn interest on Tether Gold (XAUT), the latest entrant into a broader push to turn traditionally non-yielding assets into income-generating instruments. The product is designed to convert tokenized gold — typically a passive store of value — into a yield-bearing asset using XAUT, the largest tokenized gold product, the company announced Thursday. It allows holders to earn passive income while maintaining exposure to gold prices. Bybit said the offering is part of its broader expansion into tokenized real-world assets (RWAs), as it moves beyond traditional crypto trading products. Read more
The Web3 company will provide capital, advisory support and business development to help Avalanche projects scale, with a focus on real-world assets and digital identity. Animoca Brands has made a strategic investment in Ava Labs and entered a partnership to support projects building on the Avalanche blockchain, focusing on capital deployment, advisory support and expansion in Asia and the Middle East. According to Thursday’s announcement by the Hong Kong-based Web3 company, the collaboration will target sectors including real-world assets, digital identity and entertainment, with Animoca providing business development support and access to regional networks to help Avalanche-based projects scale and reach institutional users. Projects pursued under the partnership may also tap into the broader ecosystem of portfolio companies, Animoca said. Read more