TechFlame News - According to The Block, tokenization startup Cork has announced the completion of a $5.5 million seed funding round. The round was co-led 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, among others. Cork is dedicated to building a "programmable risk layer" aimed at making the implicit risks in real-world assets transparent and tradable through tokenization. Its infrastructure enables asset managers, issuers, and others to create customized swap markets, enhancing the redemption liquidity, risk transparency, and market confidence of on-chain assets. This tool can also be used to assess the risks of crypto-native products such as stablecoins and staked tokens. The team plans to launch its first production-grade risk markets in the coming months and expand collaborations with treasuries and asset issuers.