Crypto venture capital giant Andreessen Horowitz (a16z) is opening its first Asia-based crypto office in South Korea as it looks to deepen its footprint across the region.
The firm says Asia has a “particularly strong concentration” of onchain users, and its new presence will focus on helping portfolio companies accelerate growth, secure partnerships, and build communities throughout the region.
“Our expansion will offer go-to-market support for portfolio companies seeking to accelerate growth, forge strategic partnerships, and build lasting communities across Asia,” said Anthony Albanese, a16z Crypto’s managing partner and COO.
Albanese highlighted Asia’s pivotal role in global crypto activity, noting that nearly one-third of South Korean adults own digital assets. He added that India continues to top global adoption charts, Japan has seen onchain activity surge 120% in the past year, Singapore boasts one of the highest crypto ownership rates worldwide, and 11 of the top 20 countries for crypto adoption are in Asia, according to Chainalysis.
a16z plans broader Asia expansion
“This is just the beginning,” Albanese said. “In the coming years, we plan to grow our presence in Asia, expand our capabilities to support crypto companies operating here, and continue exploring ways to broaden our geographic footprint.”
The expansion underscores where one of the industry’s most influential investors sees future momentum—not just in capital deployment, but in being embedded where users and builders are most active.
The new Seoul office will be led by SungMo Park, formerly of Polygon Labs.
“Through the network, experience, and relationships I’ve built over the years, I’ll help a16z Crypto’s founders access not just a new market but the regional context and knowledge they need to scale,” Park said on X.
Reinforcing the region’s bullish outlook, Sygnum reported this week that six in ten surveyed Asian high-net-worth individuals plan to increase their crypto allocations. The survey also found that 87% of affluent Asian investors already hold crypto, with about half allocating more than 10% of their portfolio to digital assets.
