May 6, 2025
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IntoTheBlock and Trident Merge to Form Sentora, Targeting Institutional Investors
DeFi firms IntoTheBlock and Trident Digital have merged to create Sentora, aiming to attract institutional investors to onchain solutions. Key details include:
- The new entity is led by Anthony DeMartino, co-founder of Trident.
- A $25 million funding round is being led by New Form Capital, with participation from Ripple, Tribe Capital, and others.
- This merger reflects a trend of consolidation in the crypto industry, with 88 mergers and acquisitions reported in early 2025.
- Sentora combines IntoTheBlock’s analytics expertise, having over $3 billion in institutional deployments, with Trident’s liquidity structuring experience.
- The platform will offer yield strategies, compliance, risk management, and structured products for institutional investors.
- DeMartino highlighted the complexity of interacting with various protocols as a barrier for asset managers entering DeFi.
- Less than $130 billion in assets are currently on DeFi protocols, compared to trillions managed by traditional finance giants.
- Sentora aims to facilitate the transition of significant assets to onchain through streamlined services.
