Forward Industries expects to take up to $30 million of GromaCoin when it launches on Solana, the companies announced on 12 November 2026. GromaCoin (GRO) is a token for shares in a US real estate investment trust, and its issuer, Groma, targets the first quarter of 2027 for the Solana launch.
Groma is pairing the Solana launch with what it calls the "first onchain real estate IPO": a Regulation A+ offering that, if the SEC qualifies it, would let investors who are not accredited buy GRO for the first time. Groma also plans to build on Kamino Finance KMNO$0.031-0.8% so GRO holders can borrow against their tokens.
What GromaCoin (GRO) is and who can hold it today
Each GRO token is a share in the Groma Real Estate Trust, a US-regulated REIT that owns income-producing residential properties, according to the release. Groma, founded in 2020, is based in Boston. The company says GRO carries more than $95 million in tokenized value and drew nearly $50 million of inflows so far in 2026, and calls it the largest onchain real estate asset.
GRO is issued on Base today as a permissioned ERC-3643 token, a standard that only lets approved wallets hold it. RWA.xyz lists $95.18 million of total asset value, a net asset value of $1.07 per token and 459 holders. Per RWA.xyz, buyers must be US accredited investors or non-US professional investors who pass KYC checks, with a $1,000 minimum and quarterly subscriptions and redemptions.
Groma's Regulation A+ plan and the $75M first-year cap
Groma is pursuing a Regulation A+ offering and, subject to SEC qualification, expects to open onchain investment in GRO to the general public, with up to $75 million available in the first year after launch. That figure is the legal ceiling: SEC guidance caps Tier 2 Regulation A offerings at $75 million in any 12-month period, and buyers who are not accredited face limits on how much they can put in. The SEC has not yet qualified Groma's offering, so both the public sale and the Q1 2027 date remain plans.
Kamino lending for GRO holders on Solana
Groma expects Kamino's lending protocol to let GRO holders borrow against their holdings, either for liquidity or to buy more GRO, and expects Kamino's asset listings to let investors compare GRO with other tokens. Kamino already lends against real-world collateral: on the same day, its commodity yield vault reported $48 million lent against copper and gold in its first quarterly report.
Groma founder and CEO Seth Priebatsch tied the choice to Solana's real-world asset activity. "The Solana ecosystem has seen incredible growth lately, especially for real world assets, and the depth of functionality that has been built on it adds huge value for issuers and investors," he said in the release.
What Forward Industries gets from a GRO allocation
Forward, which calls itself the leading Solana treasury company, held about 8.7 million SOL as of 9 November, The Block reported, alongside a $50 million bank credit line backed by SOL that stays staked so Forward keeps earning validator rewards on it. A GRO position would add income from US residential property to a treasury built on SOL.
Forward chief investment officer Ryan Navi framed the allocation as a source of dollar income for the company.
Forward already has its own stock onchain through Superstate, and tokenized FWDI is among the first stocks lined up for Formation Securities' planned trading venue on Solana. Forward's website points holders of tokenized FWDI and its fwdSOL liquid staking token to Kamino for lending, the same venue Groma has chosen for GRO.
What to watch: SEC qualification and the Q1 2027 Solana launch
GRO has no Solana mint yet. The next markers are SEC qualification of Groma's Regulation A+ offering, the Solana launch against the Q1 2027 target, how much of the up-to-$30 million allocation Forward takes, and the terms of any Kamino market that accepts GRO as collateral.
