Market News / Story
Solana’s Orca merges with Loopscale in push to finance AI, robotics and defense
The Block ·
The Block reports: Solana-based decentralized exchange Orca and lending platform Loopscale have merged under the new name Formation. The combined team will be led by Loopscale co-founder Luke Truitt as CEO, according to an announcement shared with The Block. Formation looks to combine Orca's trading infrastructure with Loopscale's lending and investment vaults to give emerging assets a route from issuance to financing and trading, all under one umbrella. The companies want to move beyond…