London will be their first international office
IN BRIEF:
- The London office will work with universities in the UK and support the development of blockchain technologies and startups
- It will be led by general partner Sriram Krishnan
- The decision follows talks with Prime Minister Rishi Sunak and other authorities for months
What does this mean?
"We're thrilled to open our first international office in a jurisdiction that welcomes blockchain technology and is committed to creating a predictable business environment by pursuing regulations that both embrace Web3 and protect consumers," said Chris Dixon, founder and managing director of Andreessen's a16z crypto fund, which is setting up the office.
