Crypto VCs reveal what they’re looking for in 2025
Deng Chao, CEO of HashKey Capital, predicts increased venture capital investment in crypto projects in 2025, driven by interest in stablecoins, real-world asset tokenization, AI, and infrastructure. He attributes this growth to rising digital asset valuations in 2024 and supportive U.S. policies following Donald Trump's potential re-election. Chao warns that geopolitical tensions and deficit spending could introduce volatility. Stablecoins are highlighted as a key use case, particularly in emerging markets where they serve as a store of value amid depreciating currencies. The real-world asset tokenization market is expected to reach $30 trillion by 2030. VC investment in crypto is projected to rise to $18 billion in 2025, surpassing 2024 levels but not reaching the 2021 peak.
