Catenaa, Thursday, January 29, 2026-Andreessen Horowitz’s crypto startup accelerator CSX and Road Capital are leading a $5.5 million seed funding round for Cork, a startup building onchain infrastructure designed to make real world asset risk visible and tradable, according to a report.
Cork is developing tools that allow market participants to isolate and price risks embedded in tokenized assets, an area that has drawn rising interest as institutions expand activity in onchain credit, stablecoins and other yield-bearing products.
The company is positioning its platform as a new layer of decentralized finance focused on risk transfer rather than asset issuance.
The startup’s system enables asset managers, issuers and other participants to create custom swap markets that reflect the likelihood of stress events tied to specific onchain assets.
These markets are intended to improve liquidity during redemptions, clarify risk exposure and support more stable trading conditions.
Cork’s infrastructure is also designed to support crypto native products such as vault tokens and liquid staking tokens.
Its risk components are built to integrate with common token standards and onchain credit structures, allowing risk pricing to be embedded directly into yield generating products.
By standardizing how risks are measured across assets such as stablecoins and restaking tokens, Cork aims to support hedging activity and liquidity backstops, limiting the impact of sharp market disruptions and asset failures.
The company plans to launch its first production grade risk markets in the coming months and expand integrations with vault providers and asset issuers.
Additional investors in the round include 432 Ventures, BitGo Ventures, Cooley, DEPO Ventures, IDEO Ventures, Stake Capital and WAGMI Ventures, among others.
