A16z Crypto Expands to South Korea, Sungmo Park Leads
- A16z crypto opens its first Asia office in Seoul.
- Sungmo Park appointed as Head of APAC.
- No immediate market impacts; focus on strategic partnerships.
a16z crypto, led by Sungmo Park, initiates its first Asia office in Seoul, South Korea, marking a strategic expansion announced by COO Anthony Albanese on December 10, 2025.
This expansion highlights Asia’s rising influence in the crypto industry, particularly South Korea’s role as a key market, though no financial details or immediate asset impacts are evident.
A16z crypto, the cryptocurrency division of Andreessen Horowitz, announced its expansion into Asia by establishing a new office in Seoul, South Korea. The move aims to strengthen their presence in the burgeoning crypto market.
Sungmo Park, previously the APAC Lead at Monad Foundation, has been appointed as the Head of APAC go-to-market for a16z crypto. The expansion highlights South Korea’s significance as the second-largest crypto market.
The expansion is projected to enhance a16z crypto’s interaction with influential markets, especially in Asia. South Korea’s burgeoning interest in digital assets, with nearly one-third of adults owning crypto, supports this growth trajectory.
Anthony Albanese, COO of a16z crypto, emphasized that Asia accounts for a substantial share of global crypto activity. The strategic decision reflects a16z’s intent to forge stronger ties and develop robust communities in Asia.
Excited to announce that @a16zcrypto is expanding into Asia and opening our first office in Seoul, South Korea. As part of this, we’re thrilled to have @sungmo_apac16z join our team as Head of APAC go-to-market to lead the Seoul office and start building our presence in the region.source
No direct financial impacts, such as funding allocations, were disclosed in the announcement. Instead, the focus is on fostering new market entries and collaborations in Asia. No changes to on-chain data like liquidity were reported.
The move responds to increasing regulatory focus in South Korea, including recent exchange regulations following cybersecurity concerns. As the region continues shaping its crypto landscape, a16z’s office could play a critical role in adapting to these shifts.
