Enterprise capital agency a16z crypto will open its first Asia workplace in Seoul, South Korea, positioning the fund for a extra direct regional presence in digital belongings.
The transfer brings one among Silicon Valley’s most lively web3 buyers into South Korea’s crypto hub, permitting groups on the bottom to originate offers, help portfolio corporations and coordinate with native regulators and companions as a part of a long run regional construct out.
Stakeholders will now monitor how shortly a16z crypto scales headcount in Seoul, which segments of the Korean and broader Asia promote it prioritizes, and whether or not the brand new workplace turns into a platform for extra regional hubs because the agency executes its Asia growth technique.
Supply: Bloomberg.
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