a16z has come to Seoul, the billion-dollar trendsetter, and the Asian crypto narrative is about to heat up again.

According to Korean media Chosun Biz, the American venture capital firm Andreessen Horowitz (a16z), which manages approximately $100 billion in assets, announced the official opening of its Seoul office to support its portfolio companies in entering the Korean and Asian markets. The Seoul office will initially focus on the cryptocurrency sector and gradually expand its business scope later.