According to Mars Finance, on May 6, as reported by CoinDesk, IntoTheBlock and Trident Digital announced a merger to form a new company called Sentora, aimed at bringing institutional investors into the on-chain world. The new company is led by Anthony DeMartino, co-founder of Trident and former head of risk strategy at Coinbase. At the same time, Sentora has completed $25 million in new financing, led by New Form Capital, with participation from Ripple, Tribe Capital, UDHC, and Joint Effects, as well as support from strategic ecosystem investors such as Curved Ventures, Flare, and Bankai Ventures.