[Orca and Loopscale Announce Merger to Establish On-Chain Capital Platform Formation] According to Deep Tide TechFlow, on October 8, Formation officially announced via a post that Orca and Loopscale have formally merged. The merged entity will be named Formation, headquartered in New York, with Loopscale co-founder Luke Truitt serving as CEO, Mary Gooneratne as Chief Operating Officer, and Christopher Montagano as Chief Strategy and Legal Officer. Formation will integrate Orca's trading and liquidity infrastructure with Loopscale's credit and treasury infrastructure to provide a one-stop on-chain financial platform for tokenized asset issuers, covering everything from issuance to scaling. The company has already partnered with Figure, Shinhan Asset Management, Superstate, R3, and Securitize.