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Cork completes $5.5 million seed funding round led by a16z and CSX. Cork is building a "programmable risk layer" aimed at standardizing, pricing, and on-chain trading of hidden risks in real-world assets and certain DeFi assets, supporting the creation of customized risk markets for stablecoins, RWA, staking, and vault tokens to enhance risk transparency, liquidity, and hedging capabilities. (TheBlock)