The tokenization startup Cork has raised a $5.5 million seed round, with CSX and a16z leading the investment.

BlockBeats News, January 21st, according to The Block, tokenization startup Cork has completed a $5.5 million seed round of financing. The round was led by CSX, a16z, and Road Capital, with participation from BitGo Ventures, Cooley, IDEO Ventures, PEER VC, and WAGMI Ventures, among others.

Cork is a startup focusing on tokenizing risk. It is building a "programmable risk layer" to tokenize and make tradable the latent risks in emerging real-world asset classes.