The Currency analytics
By Sakamoto Nashi
Cork, a protocol focused on developing tokenized risk infrastructure for onchain finance, announced on January 21, 2026, that it has secured $5.5 million in seed funding.
The financial landscape is witnessing a substantial increase in demand for onchain yield, with the stablecoin supply having more than doubled since 2024, exceeding $250 billion.
Cork's core technology allows asset managers and issuers to create bespoke swap markets to improve liquidity and market confidence in their onchain assets.
Phil Fogel, Co-Founder of Cork, emphasized the growing relevance of tokenized risk within the financial industry, particularly as major institutions increasingly participate in…
Cork is spearheaded by a team of seasoned entrepreneurs with extensive experience in both traditional finance and blockchain technologies.
William Scheinman, Partner at Road Capital, noted the importance of addressing second-order effects in the tokenization of assets, such as liquidity mismatches and information…
Julien Bouteloup, CEO of Stake Capital Group, highlighted Cork's role in enabling more transparent capital markets through its focus on market-driven risk pricing.
Jake O., Managing Director at BitGo, articulated BitGo's enthusiasm for Cork's efforts to integrate risk management into the onchain financial infrastructure.
Dr. Nagendra Bharatula, CEO of the G-20 Group, praised Cork's initiative for its potential to introduce cleaner leverage and better pricing in onchain finance.
In the months ahead, Cork plans to launch its initial risk markets, expand its integration with asset issuers, and pursue regulated pathways to accommodate growing institutional…
For further updates on Cork's progress, interested parties can visit cork.tech or follow the company's updates on social media.
Cork's introduction of tokenized risk as a programmable layer for digital assets is a significant advancement in the onchain financial realm.
Cork's strategic move comes at a time when the crypto industry is increasingly focused on enhancing its infrastructure to support more complex financial products.
The involvement of prominent investors such as a16z CSX and Road Capital underscores the growing confidence in Cork's approach to tackling risk infrastructure challenges.
Julien Bouteloup of Stake Capital Group emphasized the importance of Cork's work in creating a transparent market structure for onchain finance.