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Turnkey raised $30 million in a Series B round led by Bain Capital Crypto.
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The startup focuses on key management and modular crypto infrastructure.
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Turnkey powers over 50 million embedded wallets and serves major crypto apps.
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New funding will support scaling, hiring, and expanding open-source tools.
Turnkey Secures Major Funding to Scale Infrastructure
New York-based Turnkey, founded by ex-Coinbase employees, has secured $30 million in Series B funding led by Bain Capital Crypto. Other investors include Sequoia Capital, Galaxy Ventures, and Wintermute Ventures.
This brings Turnkey’s total funding to over $50 million.
Building the Backbone for Crypto-Native Apps
Turnkey offers an open infrastructure layer that helps developers build stablecoin apps, DeFi platforms, and onchain AI agents. The platform is designed to be secure and user-friendly, with features like extension-free integrations and verifiable architecture.
The startup argues that crypto infrastructure is reaching a tipping point as mainstream financial firms embrace blockchain-based payments.
Future Plans and Industry Positioning
Turnkey plans to grow its team, enhance its API tools, and increase support for AI, DeFi, and payment applications. With a customer base that includes Alchemy, Bridge, and Magic Eden, the company is positioning itself as a foundational layer for the next wave of crypto innovation.
