Ava Labs Hires New Heads in Asia as US Regulatory Concerns Grow

  • New York-based startup makes hires in Japan, South Korea
  • The news follows several similar moves among crypto firms

Residential and commercial buildings light up the night in Tokyo.

Photographer: Toru Hanai/Bloomberg
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Ava Labs, the main developer behind blockchain project Avalanche, has become the latest digital-asset firm to expand its management teams in Asia as a regulatory pushback deepens in the US.

New York-based Ava Labs said it hired Justin Kim, a former investment banker at the Korea Development Bank, and startup veteran Roi Hirata as the heads of its business in South Korea and Japan, respectively.