Tokenization risk protocol Cork raises $5.5M in seed funding

Cork, a tokenization risk management protocol, has raised $5.5 million in a seed funding round, according to The Block. The round was co-led by Andreessen Horowitz's (a16z) crypto startup accelerator, CSX, and Road Capital, with participation from 432 Ventures, BitGo Ventures, G20 Group, Gate Labs, and others. Cork plans to build a programmable risk layer in the coming months.