A16z Crypto, the blockchain-focused division of Andreessen Horowitz, announced the opening of its first office in Seoul, South Korea. Sungmo Park, former APAC lead at Monad and Polygon, has been appointed to head the firm’s regional operations. Park will guide portfolio companies seeking market entry, strategic partnerships, and localized support across Asia.
The expansion reflects the strong adoption of digital assets in Asia, particularly in South Korea, Japan, Singapore, and India. South Korea alone represents the world’s second-largest crypto market, with nearly one-third of adults owning digital assets. A16z Crypto aims to leverage this market concentration to accelerate growth for its portfolio companies and deepen regional engagement.
Through the Seoul office, A16z Crypto will offer hands-on support alongside its capital investments, assisting startups such as Aptos, Dapper Labs, EigenLayer, and Yuga Labs. The move underscores the firm’s strategy to provide operational guidance, regional insights, and network connectivity, strengthening its competitive position in the fast-growing APAC blockchain ecosystem.
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