Documents show the UK is Wooed A16Z in five years

The UK documents show that the UK Business and Trade Ministry spent five years, persuading Andresen Horowitz to create a presence in London only for the US company to leave 18 months after the office launched, According to government documents obtained from SIFTED.

In 2023, the A16Z launched Crypto Office in London, considering cryptocurrency in the United States under Biden at the time as unpleasant, and the United Kingdom was fascinating to work. But the progress in cryptocurrency was slow in the UK and now the new Labor Government seems less focused on it. This, combined with enthusiasm by the Trump administration, has contributed to the A16Z leaving the country, SIFTED sources said.

This piece was updated.