Acquiring Company
Orca
Acquired Company
Loopscale
New YorkNew YorkFinancial ServicesFintechBlockchainCryptocurrencyFinancial ServicesFinanceFintechLendingDescription
Orca and Loopscale have officially merged to create a new entity called Formation. This merger combines Orca's trading infrastructure with Loopscale's credit capabilities to enhance access to capital in emerging markets. Formation will operate under the leadership of Loopscale co-founder Luke Truitt as CEO. The focus will be on bridging capital markets with new asset types and financing needs.
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Who to call at Orca, and when
When Orca changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Orca raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Orca, from your own LinkedIn network
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Fundz sees it the moment Orca makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Loopscale?
Loopscale was acquired by Orca, based in New York. The deal was reported on October 7, 2026. Orca is a decentralized exchange on Solana, providing trading infrastructure for digital assets. Since 2021, it has processed more than $500 billion in trading volume. Orca is privately held and operates in Financial Services.
When did Orca acquire Loopscale?
Orca's acquisition of Loopscale was reported on October 7, 2026. Orca and Loopscale have officially merged to create a new entity called Formation. This merger combines Orca's trading infrastructure with Loopscale's credit capabilities to enhance access to capital in emerging markets. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Loopscale do?
Loopscale is a financial technology company focused on credit and vault infrastructure for digital assets. It has facilitated over $2 billion in loans and has more than $150 million in deposits. It is privately held, operating in Financial Services, and is based in New York.
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