Venture capital firm a16z crypto will open its first Asia office in Seoul, South Korea, positioning the fund for a more direct regional presence in digital assets.
The move brings one of Silicon Valley’s most active web3 investors into South Korea’s crypto hub, allowing teams on the ground to originate deals, support portfolio companies and coordinate with local regulators and partners as part of a long term regional build out.
Stakeholders will now monitor how quickly a16z crypto scales headcount in Seoul, which segments of the Korean and broader Asia market it prioritizes, and whether the new office becomes a platform for additional regional hubs as the firm executes its Asia expansion strategy.
Source: Bloomberg.
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