Turnkey raises $12.5M for wallet infrastructure
The post Turnkey raises $12.5M for wallet infrastructure appeared on BitcoinEthereumNews.com. Crypto wallet infrastructure firm Turnkey has raised $12.5 million backed by Circle Ventures and Sequoia Capital. Summary The round brings Turnkey’s total funding to over $65 million and will primarily support development of Turnkey Verifiable Cloud ahead of its public launch. Verifiable Cloud is designed to let companies run sensitive crypto operations including transaction signing and policy decisions in a verifiable environment. Turnkey was founded by former Coinbase Custody employees and serves Flutterwave, Polymarket, and World App among its customers. Turnkey announced the raise on May 14, with participation from Archetype, Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, and Variant alongside Circle Ventures and Sequoia Capital. The New York-based company builds key management infrastructure for crypto applications, including non-custodial wallets, automated onchain transaction