Solana DEX Orca Merges with Loopscale to Launch RWA Platform Formation

Solana-based decentralized exchange Orca and lending platform Loopscale have officially merged to create a new entity named Formation. The combined platform aims to bridge on-chain liquidity with capital-intensive traditional sectors, specifically targeting AI, energy, robotics, and defense financing. Orca brings significant historical volume to the merger, having processed more than $550B in trades since 2021. Loopscale currently reports more than $150M in deposits and has facilitated over $2B in loans. Formation is actively collaborating with Figure, Superstate, and Securitize to bring asset issuers to market, eventually targeting regulated U.S. capital markets. "The frontier economy is creating new business models and financing needs more rapidly than traditional market infrastructure is evolving to serve them." — Luke Truitt