Andreessen Horovitz Crypto Unit to Expand Into Asia With South Korea Office
A16z crypto, a venture capital fund of Andreessen Horowitz (a16z), said it is expanding into Asia, opening an office Seoul and hiring Sungmo Park to head operations in the region.
South Korea is the world’s second-largest crypto market, the Andreessen Horovitz unit said in a blog post. The office will work with founders by building partnerships, strengthening distribution channels, and accelerating community growth across the region, it said, pointing to high levels of crypto ownership in South Korea and Singapore, and growing onchain activity in Japan.
While Hong Kong and Singapore have long been the financial capitals of Asia, South Korea is a center for crypto development. For a16z crypto, being close to where things are actually…
