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Andreessen Horovitz's crypto task superior portion pointed to precocious levels of crypto ownership successful South Korea and Singapore, and increasing onchain enactment successful Japan.
Dec 10, 2025, 8:00 p.m.
A16z crypto, a task superior money of Andreessen Horowitz (a16z), said it is expanding into Asia, opening an bureau Seoul and hiring Sungmo Park to caput operations successful the region.
South Korea is the world's second-largest crypto market, the Andreessen Horovitz portion said successful a blog post. The bureau volition enactment with founders by gathering partnerships, strengthening organisation channels, and accelerating assemblage maturation crossed the region, it said, pointing to precocious levels of crypto ownership successful South Korea and Singapore, and increasing onchain enactment successful Japan.
While Hong Kong and Singapore person agelong been the fiscal capitals of Asia, South Korea is simply a halfway for crypto development. For a16z crypto, being adjacent to wherever things are really being built, not conscionable banked oregon regulated, was apt a cardinal origin successful picking Seoul arsenic its Asia hub.
South Korea hosts 1 of the world’s astir progressive onchain communities, with crypto exchanges similar Upbit known arsenic powerhouses for volume, and its developer ecosystem is deep, resilient, and product-focused. Almost 1/3 of South Korean adults ain crypto, the money said.
Park, the erstwhile APAC pb astatine Monad Foundation, volition enactment with some early-stage teams and established enterprises, drafting connected his acquisition astatine Monad Foundation and Polygon Labs, wherever helium led go-to-market efforts and ecosystem improvement crossed East Asia, Greater China, Southeast Asia and India.
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