Forward Industries acquires minority stake in Index Industries
FWDI•Forward Industries acquired a strategic minority stake in Index Industries, which builds the benchmark underlying tokenized U.S. home-price product USHP. The investment accompanies a commitment of up to $50 million to USHP, co-anchoring up to $100 million in pre-launch institutional commitments.
1. Stake and commitments
Forward Industries acquired a strategic minority stake in Index Industries, which builds the benchmark underlying tokenized U.S. home-price product USHP. The transaction includes warrants to acquire additional Index Industries equity. Alongside the investment, Forward Industries committed up to $50 million to USHP, co-anchoring up to $100 million in pre-launch institutional commitments.
