a16z Crypto, the digital asset-focused division of Andreessen Horowitz, has introduced its first Asia-based office in Seoul, South Korea, on December 10.
Anthony Albanese, who serves as chief operating officer and managing partner, highlighted that Asia contains a large share of blockchain participants worldwide.
The new operation is intended to support the growth of its portfolio of startups, foster connections with the local ecosystem, and build partnerships across the region.
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According to a16z Crypto, research indicates that one in three adults in South Korea owns digital assets, while India leads the world in crypto adoption. The past year witnessed a 120% growth in on-chain crypto activity in Japan, and Singapore is noted for having one of the world’s largest crypto user populations.
The Seoul branch will be steered by SungMo Park, whose previous roles include senior positions at Polygon Labs and Monad Foundation.
Park stated on X that he aims to use local insights and relationships to help a16z Crypto’s founders access these expanding markets with a deeper understanding of local trends and operational contexts.
a16z Crypto’s leadership also shared that they see this initiative as the starting point for broader involvement in Asia, with plans to offer more hands-on support and boost their presence in more countries in the future.
Recently, a16z Crypto suggested that more crypto companies should explore using “arcade tokens” to attract users and build strong digital economies. What is it? Read the full story.
