Cork Protocol Secures $5.5 Million in Seed Funding on January 21, 2026

According to relevant media reports, Cork Protocol secured $5.5 million in seed funding on January 21, 2026. Investors in this round include prominent institutions such as a16z CSX, Road Capital, Gate Labs, Stake Capital, Hyperithm, FunFair Ventures, Peer VC, WAGMi Ventures, 432 Ventures, and BitGo Ventures.Cork Protocol is an innovative project focused on tokenized risk, building programmable risk layers for on-chain assets. The protocol serves a range of on-chain assets including vault tokens, yield-bearing stablecoins, liquid (re)staking tokens, and real-world asset tokenization (RWAs). The core function of Cork Protocol is to enable asset managers and issuers to rapidly launch custom swap markets, thereby enhancing redemption liquidity, risk transparency, and market confidence for their on-chain assets.Cork Protocol completed its previous funding round in September 2024. In March 2025, the project launched on mainnet, marking its transition from the testing phase to full production. However, on May 28, 2025, Cork Protocol experienced a security incident resulting in a loss of approximately $12 million. Prior to this funding round, the project team had comprehensively addressed and reinforced security vulnerabilities, aiming to provide users with more stable and secure services. This round of financing will further support Cork Protocol’s product development, security enhancements, and market expansion.