Sentora, a DeFi project merged by IntoTheBlock and Trident, completes $25 million in financing

PANews reported on May 6 that according to CoinDesk, DeFi analysis platform IntoTheBlock and liquidity service provider Trident Digital announced the merger to form Sentora and completed a US$25 million founding round of financing. New Form Capital led the investment, and Ripple, Tribe Capital, UDHC and Joint Effects participated in the investment, and strategic ecosystem investors such as Curved Ventures, Flare and Bankai Ventures also provided further support. The new company will be led by Anthony DeMartino, co-founder of Trident and former head of risk strategy at Coinbase, to provide institutional investors with one-stop on-chain financial services covering income strategies and compliance risk control.

Sentora integrates IntoTheBlock's institutional-level DeFi analysis data of more than US$3 billion and a structured liquidity solution with Trident, and will develop a unified interface to solve the problem of multi-chain protocol interaction fragmentation. CTO Jesus Rodriguez said its goal is to build "the core infrastructure that enables organizations such as DAOs, family offices, etc. to securely access DeFi."