a16z opening UK office as prime minister plans to make country web3 hub
Venture investment firm Andreessen Howoritz is set to open its first overseas office in the UK later this year as the regulators in the United States continue their crackdown on crypto stateside.
In a blog post, a16z general partner Chris Dixon announced the expansion, noting the firm has "been working with policymakers and regulators across the globe, and during our discussions it has become clear that the UK government sees the promise of web3."
The announcement comes in the wake of the US Securities and Exchange Commission’s lawsuits against Binance and Coinbase which have dragged on token prices and forced market participants to look toward alternative jurisdictions.
