a16z Crypto Expands into Asia with New Office in Seoul, South Korea

In Brief

• a16z Crypto opens its first office in Asia, based in Seoul, South Korea.
  
• Sungmo Park appointed as Head of APAC, leading the firm’s regional efforts.
  
• Seoul’s strong crypto ecosystem and developer talent influenced the office location.

Andreessen Horowitz’s crypto division, a16z Crypto, has expanded into Asia by opening an office in Seoul. The firm appointed Sungmo Park as the head of its operations in the region. 

Park will oversee efforts to support portfolio companies and accelerate crypto adoption across Asia. His expertise, especially from his previous roles at Monad Foundation and Polygon Labs, will be pivotal in driving growth (a16z, 2025).

The new office will focus on fostering strategic partnerships, strengthening market connectivity, and promoting crypto adoption. South Korea was chosen as the location due to its active onchain community and strong developer ecosystem. 

As one of the world’s largest crypto markets, South Korea offers significant opportunities for a16z to support its portfolio companies (a16z, 2025).

Seoul Chosen for Crypto Hub Amid Growing Asian Market Activity

a16z Crypto sees South Korea’s developer-driven ecosystem as crucial for building future blockchain projects. The country’s crypto exchanges, like Upbit, are also major players, influencing the decision to establish a presence in Seoul. 

The office will serve as a key base for engaging with local founders and helping companies scale their operations across the continent (a16z, 2025).

This expansion follows a16z’s growing interest in the Asian market, which includes increasing onchain activity in Japan and Singapore. With the new Seoul office, a16z aims to strengthen its role as a leader in global crypto investments. 

The firm’s presence in Seoul will allow it to provide deeper support to Asian crypto ventures and foster innovation in the region (a16z, 2025).