Quick take:
- New Form Capital led the round with participation from Joint Effects and Tribe Capital.
- Ripple, Curved Ventures, Flare and Bankai Ventures also joined the round as strategic investors.
- Sentora plans to build a platform that offers compliant, consolidated access to DeFi markets as a single entry point for funds, treasuries and institutional investors.
IntoTheBlock and Trident Digital have merged to build a new institutional decentralised finance (DeFi) platform Sentora. The new firm also announced a $25 million Series A round led by New Form Capital, with participation from Joint Effects and Tribe Capital. Ripple, Curved Ventures, Flare and Bankai Ventures also joined the round as strategic investors.
Sentora aims to create compliant, consolidated access to DeFi markets as a single entry point for funds, treasuries and institutional investors offering institutional-grade curated access to DeFi yield strategies and real-time risk management tools.
The platform will also provide custom tokenisation features, lending and hedging solutions for treasuries and funds.
Commenting on the announcement, Sentora CEO, Trident co-founder, and former Head of Risk at Coinbase, Anthony DeMartino, said: At Sentora, we believe that DeFi is the future of finance, but that future must be built with the needs of institutions in mind. Through our strategic partnerships with industry leaders, we are developing a suite of products that address the key blockers preventing institutional adoption of DeFi.”
New Form Capital founder and General Partner Alex Marinier, whose firm led the round commented: “Institutional capital won’t move into DeFi without strong risk management and compliance frameworks. Sentora provides both — without sacrificing performance.”
Sentora plans to use the fresh capital to accelerate its tech roadmap, advance its institutional DeFi solutions and expand its global partnerships.
The company seeks to “unify DeFi expertise” by leveraging IntoTheBlock’s DeFi technology and Trident’s liquidity programs for leading Web3 projects like Aave, Sei and Paxos to give “institutions the confidence to deploy capital in decentralized markets.”
“The future of finance is decentralized — but not disorganized,” DeMartino added. “We’re building the infrastructure that provides institutions confidence to operate at scale.”
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