Solana DeFi Firms Orca and Loopscale Merge Under New Formation Brand
60-second summary
Orca and Loopscale announce they are merging to form Formation, a New York‑based entity that will combine Orca’s Solana DEX capabilities with Loopscale’s lending infrastructure to finance AI, energy, robotics and defense projects while targeting regulated U.S. markets; the consolidation signals growing institutional interest in Solana‑powered DeFi and could boost token liquidity and attract capital seeking diversified, compliant exposure.
Solana DEX Orca and lending platform Loopscale will operate as Formation, a New York company aiming to finance AI, energy, robotics and defense assets and eventually reach regulated U.S. markets.