a16z to close London office to focus on U.S. crypto market: report

Andreessen Horowitz, the Silicon Valley-based venture capital giant, predicts a decline in the UK crypto investment market, the Financial Times reported.

Speak reportThe Crypto ARM A16Z is closing its London office, with the move to see the venture capital firm refocus on the US crypto investment market.

A16Z has announced it will open a UK office in 2023, with this coming amid the UK government’s push to position the country as a crypto and blockchain hub.

UK-based crypto projects that have received support from Andreessen Horowitz include decentralized storage network Arweave, Ethereum-based privacy awareness Rollup Aztec, and Improbable Web3 Platform. Startup focused on artificial intelligence Gensin ai also received support from the company

Andreessen Horowitz’s move comes as the venture capital platform’s UK business partner takes on a new role. Sriram Krishnan left his role in 2024 and joined President Donald Trump’s administration.

The US crypto market is abuzz with optimism after Trump’s crypto executive order added to a string of pro-Crypto developments since his election victory and inauguration. Andreessen Horowitz, whose crypto investment unit has backed some of the biggest projects in the ecosystem, is looking to shift its focus to the United States.

As the Silicon Valley company scales back its investment in the UK crypto market with the closure of its London office, it will fill the growth potential flagged by the Trump administration.

Earlier this week, A16Z Crypto released a article This highlighted the changes in the United States as a “new dawn” for the Securities and Exchange Commission.

The article noted that the SEC has the opportunity to take key steps to establish clear regulations for crypto as well as “balancing innovation and consumer protection.” Among these steps are efforts to provide guidance on skydivers, crowdfunding rules, custody and settlement.