Galaxy Digital Holdings ($GLXY) is poised to generate substantial fees from its role in Forward Industries' ($FORD) $1.65 billion PIPE, which aims to establish the world's largest Solana treasury strategy. GLXY is estimated to earn approximately $74 million in initial investment banking fees and an additional $9.9 million annually in custody fees, with potential for further income if it manages FORD's ATM operations. This deal alone could contribute tens of millions in net income to GLXY over the next few years, making it a key beneficiary of FORD's pivot into the crypto space.