a16z crypto, the crypto-focused arm of Andreessen Horowitz, has announced its expansion into Asia with the opening of its first office in Seoul, South Korea. SungMo Park will join as Head of APAC go-to-market, leading the Seoul office and building a regional presence. The expansion follows the firm’s latest State of Crypto report, which highlights [...] The post a16z Crypto Opens First Office in Seoul to Expand in Asia appeared first on Fintech Hong Kong.a16z crypto, the crypto-focused arm of Andreessen Horowitz, has announced its expansion into Asia with the opening of its first office in Seoul, South Korea. SungMo Park will join as Head of APAC go-to-market, leading the Seoul office and building a regional presence. The expansion follows the firm’s latest State of Crypto report, which highlights [...] The post a16z Crypto Opens First Office in Seoul to Expand in Asia appeared first on Fintech Hong Kong.

a16z Crypto Opens First Office in Seoul to Expand in Asia

a16z crypto, the crypto-focused arm of Andreessen Horowitz, has announced its expansion into Asia with the opening of its first office in Seoul, South Korea.

SungMo Park will join as Head of APAC go-to-market, leading the Seoul office and building a regional presence.

The expansion follows the firm’s latest State of Crypto report, which highlights the increasing concentration of onchain activity in Asia.

The report notes that South Korea is the second-largest crypto market.

Nearly one in three adults in the country owns crypto, surpassing stock investors.

Japan has seen a 120% increase in onchain activity over the past year.

Singapore has one of the highest rates of crypto ownership globally, with 40% of Gen Z and Millennials holding crypto.

India ranks first in Chainalysis’s Global Crypto Adoption Index.

Overall, 11 of the top 20 countries are located in Asia, highlighting the region’s growing influence in global crypto activity.

The Seoul office will provide go-to-market support for portfolio companies.

It will help them accelerate growth, forge strategic partnerships, and build communities across Asia.

Park will work closely with portfolio founders. He will also leverage his corporate network to strengthen market connectivity and advance crypto adoption in the region.

SungMo Park brings extensive experience in enterprise and crypto-native ecosystems.

Previously, he served as APAC Lead at Monad Foundation, developing go-to-market and ecosystem strategies across East Asia, Greater China, South East Asia, and India.

He was also Head of APAC Business Development at Polygon Labs, where he led enterprise partnerships and collaborations with emerging crypto projects. Park speaks Korean, Japanese, Chinese, and English.

a16z crypto said.

Featured image credit: Edited by Fintech News Hong Kong, based on image by leungchopan via Freepik

The post a16z Crypto Opens First Office in Seoul to Expand in Asia appeared first on Fintech Hong Kong.

Market Opportunity
CyberKongz Logo
CyberKongz Price(KONG)
$0.001546
$0.001546$0.001546
-11.80%
USD
CyberKongz (KONG) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Moto completes $1.8 million pre-seed funding round for its Solana eco-credit card project.

Moto completes $1.8 million pre-seed funding round for its Solana eco-credit card project.

PANews reported on December 17th that Moto, an on-chain credit card project, announced the completion of a $1.8 million Pre-Seed funding round, led by Eterna Capital
Share
PANews2025/12/17 22:15
Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales offload 200 million XRP leaving market uncertainty behind. XRP faces potential collapse as whales drive major price shifts. Is XRP’s future in danger after massive sell-off by whales? XRP’s price has been under intense pressure recently as whales reportedly offloaded a staggering 200 million XRP over the past two weeks. This massive sell-off has raised alarms across the cryptocurrency community, as many wonder if the market is on the brink of collapse or just undergoing a temporary correction. According to crypto analyst Ali (@ali_charts), this surge in whale activity correlates directly with the price fluctuations seen in the past few weeks. XRP experienced a sharp spike in late July and early August, but the price quickly reversed as whales began to sell their holdings in large quantities. The increased volume during this period highlights the intensity of the sell-off, leaving many traders to question the future of XRP’s value. Whales have offloaded around 200 million $XRP in the last two weeks! pic.twitter.com/MiSQPpDwZM — Ali (@ali_charts) September 17, 2025 Also Read: Shiba Inu’s Price Is at a Tipping Point: Will It Break or Crash Soon? Can XRP Recover or Is a Bigger Decline Ahead? As the market absorbs the effects of the whale offload, technical indicators suggest that XRP may be facing a period of consolidation. The Relative Strength Index (RSI), currently sitting at 53.05, signals a neutral market stance, indicating that XRP could move in either direction. This leaves traders uncertain whether the XRP will break above its current resistance levels or continue to fall as more whales sell off their holdings. Source: Tradingview Additionally, the Bollinger Bands, suggest that XRP is nearing the upper limits of its range. This often points to a potential slowdown or pullback in price, further raising concerns about the future direction of the XRP. With the price currently around $3.02, many are questioning whether XRP can regain its footing or if it will continue to decline. The Aftermath of Whale Activity: Is XRP’s Future in Danger? Despite the large sell-off, XRP is not yet showing signs of total collapse. However, the market remains fragile, and the price is likely to remain volatile in the coming days. With whales continuing to influence price movements, many investors are watching closely to see if this trend will reverse or intensify. The coming weeks will be critical for determining whether XRP can stabilize or face further declines. The combination of whale offloading and technical indicators suggest that XRP’s price is at a crossroads. Traders and investors alike are waiting for clear signals to determine if the XRP will bounce back or continue its downward trajectory. Also Read: Metaplanet’s Bold Move: $15M U.S. Subsidiary to Supercharge Bitcoin Strategy The post Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? appeared first on 36Crypto.
Share
Coinstats2025/09/17 23:42
Theta Labs faces lawsuits over CEO’s alleged insider token manipulation

Theta Labs faces lawsuits over CEO’s alleged insider token manipulation

The post Theta Labs faces lawsuits over CEO’s alleged insider token manipulation appeared on BitcoinEthereumNews.com. Theta Labs has been sued by two former senior
Share
BitcoinEthereumNews2025/12/17 22:03