PANews January 21 News, according to The Block, startup Cork announced the completion of a $5.5 million seed round funding, led jointly by Andreessen Horowitz (a16z), CSX, and Road Capital, with participation from 432 Ventures, BitGo Ventures, Cooley, DEPO Ventures, Funfair Ventures, G20 Group, Gate Labs, Hyperithm Gate, IDEO Ventures, PEER VC, Stake Capital, and WAGMI Ventures.
Cork is dedicated to building a “programmable risk layer,” aiming to make the risks embedded in real-world assets transparent and tradable through tokenization. Its infrastructure allows asset managers, issuers, and others to create customized swap markets to enhance on-chain asset redemption liquidity, risk transparency, and market confidence. The tool can also be used to assess the risks of stablecoins, staking tokens, and other crypto-native products. The team plans to launch the first batch of production-grade risk markets in the coming months and expand collaborations with treasuries and asset issuers.
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