So, guess what? Turnkey, the crypto infrastructure company that sounds like it was named by a toddler, just announced a whopping $30 million Series B funding round on June 9, 2025. 🎉
Crypto Infrastructure Firm Turnkey Secures Fresh Funding (Because Who Doesn’t Love Money?)
On this fine Monday, the big cheese, Bryce Ferguson, spilled the beans that Bain Capital Crypto is leading the investment. And because they couldn’t resist, Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Variant, and Wintermute Ventures also decided to join the party. This brings Turnkey’s total funding to over $50 million. Yes, you heard that right—more money than I’ll ever see in my lifetime! 💸
Founded just three years ago by CEO Ferguson, who apparently has a background at Coinbase Custody (fancy, right?), Turnkey is all about developing key management infrastructure for crypto applications. They’re on a mission to provide secure, scalable, and developer-focused tools, which is a fancy way of saying they think the old custodial systems are about as useful as a chocolate teapot. 🍫☕
Turnkey claims their tech offers cryptographically verifiable security using Trusted Execution Environments (TEEs) and programmable, modular APIs. In layman’s terms, it’s like having a super secure vault that even your nosy neighbor can’t break into. They’re all about scalability and accessibility, which means you won’t have to deal with the headache of managing wallets or seed phrases. Because who has time for that? 🙄
The company boasts that their infrastructure currently powers over 50 million embedded wallets and processes millions of transactions weekly for clients in sectors like decentralized finance (DeFi), payments, and consumer apps. You know, the usual suspects like Bridge, Alchemy, Magic Eden, and Polymarket. No big deal. 😏
Turnkey has announced that this new pile of cash will fund team expansion across engineering, product, and operations. They’re also planning to invest in more open-source projects and deeper infrastructure integrations for payments, DeFi, and artificial intelligence (AI) agents. Because why not throw AI into the mix? It’s not like we have enough robots taking over the world already! 🤖
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2025-06-10 02:27