A16z Crypto Opens Seoul Office, Names Sungmo Park to Lead Asia
Andreessen Horowitz’s crypto venture arm has launched a Seoul office and appointed Sungmo Park to lead its Asia strategy. The firm pointed to unusually high rates of crypto ownership in South Korea and Singapore, along with increasing on-chain activity in Japan, as drivers for the expansion. Park will oversee local deal sourcing, partnerships with developers and startups, and regional investment decisions.
The move signals a deeper push into Asian markets where retail adoption and developer activity are accelerating. By placing leadership on the ground, A16z Crypto aims to shorten feedback loops with founders, engage more directly with regulators and industry stakeholders, and accelerate deal flow across the region. For local ecosystems, the presence of a major US crypto investor could boost funding, talent flows, and infrastructure projects, reinforcing Asia’s importance in the next wave of crypto growth.