IntoTheBlock and Trident announce merger, raise $25M for new firm
IntoTheBlock and Trident have merged to form a new entity called Sentora, focusing on the needs of institutional investors in decentralized finance (DeFi). The merger, announced on May 6, 2025, includes a $25 million Series A funding round led by New Form Capital, aiming to strengthen risk management and compliance frameworks essential for attracting institutional capital into DeFi. Anthony DeMartino, formerly with Coinbase, will be the CEO of Sentora, while IntoTheBlock CEO Jesús Rodríguez will serve as CTO. The firms intend to create a comprehensive ecosystem for funds, treasuries, and institutional investors targeting multiple needs, simplifying access to DeFi. The ongoing trend of mergers in the crypto space highlights the increasing competition as companies strive to offer integrated solutions for their clients. While the current M&A activity remains below the soaring levels seen in 2021, the outlook indicates continued consolidation in the finance sector as the market evolves.
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