a16z plans to open its first overseas office in London and launch a blockchain accelerator project.

BlockBeats News, June 12th - According to official sources, Silicon Valley venture capital firm a16z plans to open its first overseas office in London. The new office will be established by a16z Crypto, the company's cryptocurrency investment department, and will be led by one of the firm's general partners, Sriram Krishnan. The office is expected to begin operations later this year. a16z has stated that it will continue to make significant investments in the United States and will continue to work with US policymakers and regulators to make their oversight of cryptocurrency startups more clear.