IntoTheBlock and Trident merge to form the DeFi project Sentora, which has completed $25 million in seed funding.
DeFi analysis platform IntoTheBlock and liquidity provider Trident Digital announced their merger to establish Sentora, raising $25 million in the initial round. New Form Capital led the investment, with participation from Ripple, Tribe Capital, UDHC, and Joint Effects. Strategic ecosystem investors such as Curved Ventures, Flare, and Bankai Ventures also provided additional support.

The new company will be led by Anthony DeMartino, co-founder of Trident and former Head of Risk Strategy at Coinbase. It aims to offer institutional investors a one-stop on-chain financial service covering yield strategies and compliance risk management.