Trident and IntoTheBlock Announce Merger to Create Sentora
Deal News | May 06, 2025 | EIN
Trident and IntoTheBlock have announced a merger to form Sentora, a new entity aimed at institutional investors in the decentralized finance (DeFi) sector. Anthony DeMartino from Trident will lead Sentora as CEO, while Jess Rodríguez of IntoTheBlock will assume the role of CTO. In conjunction with the merger, Sentora has secured $25 million in Series A funding, led by New Form Capital with participation from Joint Effects, Tribe Capital, and Ripple. The primary aim of Sentora is to develop products that address institutional roadblocks in DeFi, emphasizing strong risk management and compliance frameworks. The merger reflects a broader trend of consolidation within the crypto industry as companies strive to offer comprehensive platforms for institutional investors. The increasing M&A activity suggests a growing competitive landscape in finance and DeFi as firms aim to address evolving market needs.
Sectors
- Financial Services
- Cryptocurrency
Geography
- United States – Trident Digital and IntoTheBlock are both based in the United States, which is a major hub for cryptocurrency and financial services industries.
Industry
- Financial Services – Both Trident and IntoTheBlock operate within the financial services industry, specifically catering to investments and advisory in the decentralized finance (DeFi) sector.
- Cryptocurrency – The merger involves companies that are primarily focused on the development and adoption of decentralized finance (DeFi) technologies.
Financials
- $25M – The amount raised in a Series A funding round for Sentora.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Trident Digital | Merging Company | Company | A company providing a range of financial services from lending to advisory. |
| IntoTheBlock | Merging Company | Company | A financial services platform designed for institutional DeFi investors. |
| Sentora | Merged Entity | Company | The new joint entity formed from the merger of Trident and IntoTheBlock, aimed at institutional DeFi investors. |
| Anthony DeMartino | CEO of Sentora | Person | Former head of risk strategies at Coinbase and current CEO of the newly formed Sentora. |
| Jess Rodríguez | CTO of Sentora | Person | CEO of IntoTheBlock and the future CTO of Sentora. |
| New Form Capital | Lead Investor | Company | Led the $25 million Series A funding round for Sentora. |
| Joint Effects | Investor | Company | Participated in the Series A funding round for Sentora. |
| Tribe Capital | Investor | Company | Participated in the Series A funding round for Sentora. |
| Ripple | Strategic Ecosystem Investor | Company | Participated as a strategic ecosystem investor in the funding round. |