Overview
- The firm frames the new base as an operating hub that puts teams close to builders and users rather than a lightweight PR presence.
- South Korea’s market strength—cited as the world’s No. 2 by activity—with nearly one-third of adults owning crypto and exchanges like Upbit leading volume informed the choice of location.
- The office’s stated priorities are building partnerships, strengthening distribution channels, and accelerating community growth across the region.
- Sungmo Park, formerly APAC lead at Monad Foundation and a business development leader at Polygon Labs, will serve as Head of APAC go-to-market.
- A16z points to accelerating regional momentum, citing about $2.36 trillion in Asia-Pacific on-chain value in the 12 months to June 2025 as evidence of the need for a local presence.