PANews reported on May 6 that according to CoinDesk, DeFi analysis platform IntoTheBlock and liquidity service provider Trident Digital announced a merger to form Sentora and completed a $25 million founding round of financing, led by New Form Capital, with participation from Ripple, Tribe Capital, UDHC and Joint Effects, and further support from strategic ecosystem investors such as Curved Ventures, Flare and Bankai Ventures. The new company will be led by Trident co-founder and former Coinbase risk strategy director Anthony DeMartino, and aims to provide institutional investors with one-stop on-chain financial services covering revenue strategies and compliance risk control.
Sentora has integrated IntoTheBlock's over $3 billion institutional-level DeFi analysis data with Trident's structured liquidity solution, and will develop a unified interface to solve the fragmentation problem of multi-chain protocol interactions. CTO Jesus Rodriguez said that its goal is to build "core infrastructure that enables DAOs, family offices and other institutions to securely access DeFi."
