Orca and Loopscale Merge to Expand Capital Markets Infrastructure
Orca and Loopscale have merged to form Formation, a new entity aiming to build capital markets infrastructure for AI and frontier industries. The merger combines Orca's trading and liquidity capabilities with Loopscale’s credit and vault strategies, creating an integrated platform that supports the full lifecycle of asset issuance, financing, and distribution. Formation plans to address growing demand in sectors like AI, robotics, energy, and defense by reducing costs and complexity associated with traditional capital markets. The company is already collaborating with firms such as Figure, Shinhan Asset Management, Superstate, R3, and Securitize to bring new assets to market. Over the next year, Formation intends to introduce tools for issuers and expand its regulated U.S. offerings. The combined entity will retain Orca’s trading infrastructure and Loopscale's credit systems while building unified capabilities in origination, vault strategies, and distribution.
Topics: AI infrastructure capital markets crypto mergers and acquisitions