Key Takeaways
- Forward Industries has launched BisonFi, a proprietary automated market maker tailored for the Solana blockchain.
- BisonFi is aimed at institutional traders, enabling them to implement custom trading strategies using proprietary capital.
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Forward Industries, a publicly traded digital asset treasury company, has launched BisonFi, its proprietary automated market maker (AMM) designed for the Solana ecosystem, as confirmed by Chairman and Multicoin Managing Partner Kyle Samani.
BisonFi allows institutional traders to deploy custom strategies with proprietary capital, representing a new addition to Solana’s expanding AMM space.
Forward Industries operates as a digital asset treasury entity that deploys assets on-chain and develops infrastructure, including validators and staking tokens. The company has received backing from firms like Jump and Galaxy.
Solana supports a growing ecosystem of decentralized finance applications and infrastructure projects, with teams including Drift Protocol, Kamino, and Jupiter Exchange building tools like decentralized exchanges and wallets on the platform.