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a16z Crypto Taps Seoul as Gateway to Asia’s Blockchain Future

Key Takeaways

  • a16z Crypto opens its first Asia office in Seoul to deepen ties with the region’s blockchain ecosystem and startup community;
  • Led by SungMo Park, the Seoul branch aims to leverage local expertise to help founders better navigate Asia’s crypto markets;
  • With Asia driving global crypto adoption, a16z plans broader regional expansion to offer more direct support and partnerships.

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a16z Crypto Taps Seoul as Gateway to Asia’s Blockchain Future

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.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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