According to The Block, Cork announced the completion of a $5.5 million seed round led by Andreessen Horowitz (a16z), CSX, and Road Capital, with participation from multiple other firms including BitGo Ventures and Cooley. The startup is building a "programmable risk layer" designed to make the hidden risks in real-world assets (RWA) transparent and tradable.
Cork Completes $5.5M Seed Round Led by a16z, CSX, and Road Capital
TechFlowShare
Summary
Cork, a project spun out of TechFlow, has closed a $5.5 million seed round led by a16z, CSX, and Road Capital, with participation from BitGo Ventures and Cooley. The startup is building a "programmable risk layer" to make hidden risks in real-world assets (RWA) more transparent and tradable. This funding news highlights Cork's focus on bringing clarity to complex real-world assets. The team aims to bridge traditional finance and blockchain through its RWA infrastructure.
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