A16z Crypto to Open Up Seoul Workplace, Employ Sungmo Park to Lead Asia Initiatives Andreessen Horowitz’s crypto equity capital system indicated high degrees of crypto possession in South Korea and Singapore, and expanding onchain task in Japan. Upgraded Dec 10, 2025, 8:11 p.m. Released Dec 10, 2025, 8:00 p.m.
A16z crypto, an equity capital fund of Andreessen Horowitz (a16z), stated it is increasing right into Asia, opening up a workplace Seoul and employing Sungmo Park to head procedures in the area.
South Korea is the globe’s second-largest crypto market, the Andreessen Horowitz system stated in an article. The workplace will certainly deal with owners by constructing collaborations, reinforcing circulation networks, and speeding up neighborhood development throughout the area, it stated, indicating high degrees of crypto possession in South Korea and Singapore, and expanding onchain task in Japan.
While Hong Kong and Singapore have actually long been the economic resources of Asia, South Korea is a facility for crypto advancement. For a16z crypto, being close to where points are in fact being constructed, not simply banked or managed, was likely a vital consider choosing Seoul as its Asia center.
South Korea organizes among the globe’s most energetic onchain areas, with crypto exchanges like Upbit called giants for quantity, and its programmer ecological community is deep, resistant, and product-focused. Nearly 1/3 of South Oriental grownups very own crypto, the fund stated.
Park, the previous APAC lead at Monad Structure, will certainly deal with both early-stage groups and well-known business, making use of his experience at Monad Structure and Polygon Labs, where he led go-to-market initiatives and ecological community advancement throughout East Asia, Greater China, Southeast Asia and India.
UPDATE (Dec. 10, 20:10 UTC): Corrects typos.
Much more For You
Procedure Research Study: GoPlus Safety
需要了解的:
Since October 2025, GoPlus has actually produced $4.7 M in complete earnings throughout its product. The GoPlus Application is the main earnings motorist, adding $2.5 M (approx. 53%), complied with by the SafeToken Procedure at $1.7 M. GoPlus Knowledge’s Symbol Safety API balanced 717 million month-to-month phone calls year-to-date in 2025, with a height of almost 1 billion call February 2025. Complete blockchain-level demands, consisting of purchase simulations, balanced an extra 350 million each month. Given that its January 2025 launch, the $GPS token has actually signed up over $5B in complete place quantity and $10B in by-products quantity in 2025. Regular monthly place quantity came to a head in March 2025 at over $1.1 B, while by-products quantity came to a head the very same month at over $4B. Sight Complete Record
Much more For You
Red Stripe Acqui-Hires Crypto Repayments Start-up Valora, Venturing More Into Stablecoins
The group behind the Celo-based application is signing up with Red stripe, while the copyright is gone back to cLabs.
需要了解的:
The group behind Valora, a crypto settlements application, is signing up with Red stripe to progress its blockchain and stablecoin assimilation. Red stripe just recently got crypto companies Bridge and Privy, and is creating with Standard the Pace blockchain for stablecoin settlements. Valora, improved the Celo network, came to be a standalone business in 2021 after elevating $20 million. Check out complete tale
