Solana’s Orca and Loopscale Merge to Form Formation for AI, Defense Financing

Orca and Loopscale merge — Solana-based decentralized exchange Orca has merged with institutional platform Loopscale to create a new entity named Formation, aiming to finance sectors including artificial intelligence, robotics, energy, and defense.

The merger unites Orca’s retail-focused DeFi platform with Loopscale’s institutional infrastructure. The newly formed company, Formation, will focus on providing capital and financial tools for what it terms “real-world asset” sectors, specifically highlighting AI, defense, energy, and robotics.

According to the announcement, the move is designed to bridge decentralized finance with tangible, high-impact industries. The companies did not disclose the financial terms of the merger.

Formation will operate independently but will leverage the combined technological stack from both Orca and Loopscale. The leadership team will be drawn from executives of both predecessor companies.