A16z Crypto opens office in South Korea as it bets on Asia

A16z Crypto has opened its first Asian office in Seoul, South Korea, led by former Polygon Labs executive SungMo Park, with the venture capital firm noting the region’s dominance in global adoption.

Crypto venture capital firm Andreessen Horowitz (a16z) is opening its first Asia-based office in South Korea with plans to expand its portfolio in the region.

The firm stated that there was a “particularly strong concentration” of onchain users in Asia, and the expansion aims to support portfolio companies with growth, partnerships, and community building across Asia.

“Our expansion will offer go-to-market support for portfolio companies seeking to accelerate growth, forge strategic partnerships, and build lasting communities across Asia,” saida16z Crypto managing partner and chief operating officer Anthony Albanese.

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