Venture Firm Strengthens Presence in Region With Rapid Onchain Growth
A16z Crypto has launched its first Asian office in Seoul marking a major step in its long term strategy to deepen involvement in one of the world’s fastest-growing crypto markets.
The firm says its decision is driven by the region’s unusually high levels of onchain participation and the growing role Asia plays in global digital-asset adoption. The new office will be led by former Polygon Labs executive SungMo Park, whose regional experience is expected to guide founders seeking to scale across diverse Asian markets.
In announcing the move, A16z executives emphasized that Asia holds a critical share of worldwide activity. Nearly onethird of South Korean adults now own digital assets, while Japans onchain activity has surged 120% over the past year. India continues to rank among the world’s top adopters, Singapore maintains one of the highest ownership rates globally, and 11 of the top 20 crypto-adopting nations are located in Asia.
Investor sentiment in the region remains strong. A recent survey cited by Sygnum found that 87% of affluent Asian investors hold crypto, and six in ten are prepared to increase their allocation, underscoring the region’s confidence in digital assets.
The Seoul office will provide go-to-market support, strategic-partner introductions, and community-building assistance for portfolio companies entering or expanding within the region. A16z said this presence reflects a long-term commitment: the firm plans additional Asian expansion and new capabilities in the coming years.
A16z’s move signals where future ecosystem growth is likely to concentrate—close to the users, developers and markets driving the next wave of adoption.
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