A16z Crypto Opens Office In South Korea As It Bets On Asia 2025

A16z Crypto opened its first Asian office in Seoul, South Korea, led by SungMo Park, citing the region’s dominance in global adoption and onchain activity.

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,” said a16z Crypto managing partner and chief operating officer, Anthony Albanese.

Albanese said the region represents a significant share of global crypto activity, with nearly a third of South Korean adults owning digital assets.

India also leads global adoption rankings, Japan has seen onchain activity grow 120% in the past year, Singapore has one of the world’s highest rates of crypto ownership, and 11 of the top 20 countries for crypto adoption are Asian, according to Chainalysis.

“This is just the beginning,” said Albanese. “Over the coming years, we plan to grow our presence in Asia, add new capabilities to support our crypto companies operating there, and keep exploring new ways to expand our geographic footprint,” he added.

The move signals where one of the industry’s largest investors sees future growth; it is not just about capital deployment, but being embedded where the users and builders are.

The new Seoul office is being led by SungMo Park, who brings experience from Polygon Labs.

“Through the network, experience, and relationships I’ve built over the years in this industry, I’ll help a16z Crypto’s founders access not just a new market, but the regional context and knowledge they need to scale,” said Park on X.

Source: CoinTelegraph