CoinMeta data: The top-tier decentralized exchange Orca and lending protocol Loopscale have announced a merger to form a new company Formation. The aim of this new company is to serve industries such as AI, energy, robotics, and defense. The two companies announced this merger on October 7th, and Loopscale published the merger terms on their documentation website, although financial details were not disclosed. According to Apollo Global Management's estimates, the financing gap for AI's infrastructure is expected to require approximately $3 trillion to be filled by 2028. Formation also plans to operate a tokenized securities platform within 12 months and launch issuance tools under SEC's innovative exemptions. The combination of Orca's liquidity with Loopscale's credit order book has created a new trading and lending model.