HashKey Capital CEO: This year, venture capital will focus on stablecoin products, RWA, artificial intelligence and infrastructure

HashKey Capital CEO Deng Chao said crypto projects will attract more venture capital funding in 2025. VCs are eyeing stablecoin products, real-world asset (RWA) tokenization, artificial intelligence, and infrastructure. Chao said rising digital asset valuations in 2024 and the positives of Donald Trump's re-election in the United States will attract more venture capital into crypto projects. "As we enter a supportive macro environment driven by US stimulus policies and the formalization of crypto regulatory frameworks, these macro tailwinds will drive more venture capital into 2025," Chao said. Despite the optimistic outlook, Deng Chao warned that macro risks, including geopolitical tensions or increased deficit spending, could exacerbate price volatility and uncertainty in the new year.