Andreessen Horowitz (a16z) Crypto Expands to Seoul, Appoints Sungmo Park to Lead Asia Strategy

Venture capital giant Andreessen Horowitz (a16z) is strengthening its presence in the Asian cryptocurrency market by announcing the opening of a new office in Seoul, South Korea. The firm has appointed Sungmo Park, a former executive from Korbit, one of Korea's earliest crypto exchanges, to lead its Asia efforts. This strategic move highlights a16z Crypto's commitment to tapping into the region's vibrant blockchain ecosystem, fostering local partnerships, and investing in promising Web3 and crypto startups. The expansion signals growing institutional interest in Asia's regulatory and technological developments within the digital asset space.