A16z Crypto Expands to Asia with New Seoul Office
- A16z crypto is opening an office in Seoul, South Korea, the world’s second-largest crypto market.
- Sungmo Park, former APAC lead at Monad Foundation, will head operations in the region.
- Almost one-third of South Korean adults own cryptocurrency, indicating high ownership levels.
- The new office aims to build partnerships and accelerate community growth across Asia.
- South Korea has a robust onchain community and hosts major exchanges like Upbit.
The expansion into Asia highlights A16z’s focus on being close to active development rather than just regulation or banking. This move is significant given the growing onchain activity in Japan and the established crypto ecosystems in South Korea and Singapore.
With nearly one-third of adults owning crypto, A16z’s Seoul office aims to tap into this vibrant market while fostering innovation and partnerships in the region. (Source)
