A16z Crypto is opening its first Asia office in Seoul.

A16z Crypto's Seoul Office on the Way

Venture capital fund A16z Crypto has announced that it will open its first office in Asia in the capital of South Korea, Seoul. This new office will be managed by Sungmo Park.

The office aims to develop partnerships and accelerate community growth in the region. South Korea is a market notable for its active on-chain community and developer ecosystem. These features influenced A16z Crypto’s preference for Seoul among other Asian financial hubs.