Andreessen Horovitz's Crypto Unit to Expand Into Asia With South Korea Office
A16z Crypto is opening a Seoul office and hiring Sungmo Park to lead its expansion into Asia.Summary
Andreessen Horowitz's crypto venture capital unit, a16z Crypto, is expanding its operations into Asia by opening a new office in Seoul, South Korea. The firm cited high crypto ownership in South Korea and Singapore, along with growing onchain activity in Japan, as key drivers for this move. Seoul was chosen as the Asia hub because it is a center for crypto development, hosting an active onchain community and a deep developer ecosystem, rather than just banking or regulation centers like Hong Kong or Singapore. Sungmo Park, formerly the APAC lead at Monad Foundation, has been hired to lead the regional efforts, leveraging his experience at Monad Foundation and Polygon Labs to support early-stage teams and established enterprises across East Asia, Greater China, Southeast Asia, and India.
(Source：CoinDesk)