Solana DeFi Firms Orca and Loopscale Merge Under New Formation Brand

Solana DEX Orca and lending platform Loopscale are merging to operate as Formation, a New York company. The new entity will finance AI, energy, robotics, and defense assets, with plans to eventually reach regulated U.S. markets. The merger combines Orca's DEX expertise with Loopscale's lending capabilities under a single brand.