[a16z Crypto Expands into the Asian Market and Establishes First Office in Seoul, South Korea] Venture capital firm a16z Crypto will open an office in Seoul, South Korea. Chief Operating Officer Anthony Albanese stated that the region accounts for a significant share of global cryptocurrency activity, with plans to expand its business footprint in Asia over the coming years and enhance new capabilities to support locally operating cryptocurrency companies. South Korea is the second-largest cryptocurrency market, with nearly one-third of Korean adults holding cryptocurrencies. The company has appointed Sungmo Park, former Head of Asia-Pacific at the Monad Foundation, to lead its Asia-Pacific operations.