January 21st, 2026 – New York City, USA
Cork, the protocol building tokenized risk infrastructure for onchain finance, today announced it has closed a $5.5 million seed round led by Road Capital, and a16z CSX 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.
The raise marks a foundational milestone in the emergence of tokenized risk as a new onchain infrastructure category, bringing market-driven risk pricing, hedging, and liquidity management to stablecoins, vaults, and real-world assets (RWAs).
Among the growing institutional demand for onchain yield, stablecoin supply has more than doubled since 2024, surpassing $250 billion in circulation, while onchain RWAs have
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