Startup Cork completes $5.5 million seed round funding to build a programmable risk layer, bringing transparency and enabling trading of real-world assets' implicit risks. Its infrastructure will enhance on-chain asset liquidity and risk transparency, with the first risk markets expected to launch in the coming months.

Odaily Planet Daily reports that Cork has announced the completion of a $5.5 million seed round of funding, led by a16z, CSX, and Road Capital. Cork is a startup focused on a new "on-chain infrastructure category"—tokenization risk. The company is building tools to make the latent risks in emerging real-world asset classes transparent and tradable.