A16z Crypto opens office in South Korea as it bets on Asia
Cointelegraph
A16z Crypto has opened its first Asian office in Seoul, South Korea, to support portfolio companies amid strong regional crypto adoption.Summary
Venture capital firm Andreessen Horowitz (a16z) Crypto has established its inaugural Asian office in Seoul, South Korea, led by SungMo Park. The expansion is driven by the region's significant concentration of onchain users and high global adoption rates, with nearly a third of South Korean adults owning digital assets. A16z Crypto managing partner Anthony Albanese stated the new office will provide go-to-market support, strategic partnerships, and community building for portfolio companies across Asia. The firm plans to further grow its Asian presence in the coming years, emphasizing the importance of being embedded where users and builders are located, citing strong adoption trends in India, Japan, and Singapore.
(Source：Cointelegraph)