A16Z plans to reduce cryptocurrency investment in the UK, focusing on re -turn to the US market

PANews reported on January 24 that according to the Financial Times, Silicon Valley venture capital firm Andreessen Horowitz (a16z) plans to reduce its investment in the UK cryptocurrency industry and redirect its focus to the US market. Previously, the company entered London with high profile in 2023 and opened its first office outside the United States, aiming to increase investment in the British encryption field. However, as Trump was elected and promoted cryptocurrency-friendly policies, Andreessen Horowitz founders Marc Andreessen and Ben Horowitz gradually focused their resources on the U.S. market.

According to sources, the company has hinted to British entrepreneurs and policymakers that it will reduce investment in capital and time in the UK. Sriram Krishnan, the partner who led the UK project, quit last year and recently joined the Trump administration. Although Andreessen Horowitz is still pursuing deals in the UK, most of the related investments are led by US teams.