The seed round, led by Andreessen Horowitz (a16z), CSX and Road Capital, backs a programmable risk layer (software-defined risk engine) for tokenization (converting assets to blockchain tokens) to improve redemption liquidity and risk transparency; it plans production-grade markets in coming months.
Cork announced a $5.5 million seed round led by Andreessen Horowitz (a16z), CSX and Road Capital. The startup is building a programmable risk layer (software-defined risk engine) to tokenize RWA (real-world assets) risk and enable custom swap markets (derivatives to exchange cash flows), aiming to improve redemption liquidity and risk transparency. It plans to launch production-grade risk markets in the coming months.