Tokenization startup Cork has successfully raised $5.5 million in a seed funding round co-led by Andreessen Horowitz (a16z) and CSX, with additional backing from Road Capital and several other investors including 432 Ventures and BitGo Ventures. Cork is developing a "programmable risk layer" to enhance transparency and tradability of risks associated with real-world assets through tokenization. The platform aims to improve on-chain asset redemption liquidity and risk transparency, with plans to launch production-grade risk markets soon.