Turnkey Secures $30M to Revolutionize Crypto Wallet Infrastructure

- Turnkey raised $30 million in Series B funding to develop open infrastructure for crypto. - Bain Capital Crypto led the investment, joined by Sequoia Capital, Galaxy Ventures, and others. On June 9, 2025, Cointelegraph reported that Turnkey, a crypto infrastructure company recognized for its innovative wallet solutions, secured $30 million in a Series B funding round. The investment was led by Bain Capital Crypto, with participation from Sequoia Capital, Galaxy Ventures, Lightspeed Faction, Variant, and Wintermute Ventures. This latest funding brings Turnkey's total financing to $50 million. Turnkey plans to utilize these funds to develop an open infrastructure layer for the crypto industry; consequently, the company aims to expand its engineering, product, and operations teams. These teams will focus on enhancing modular infrastructure for critical areas such as payments, AI agents, and decentralized finance (DeFi). Moreover, Turnkey is particularly recognized for its wallet infrastructure, which includes innovative embedded wallets designed to eliminate reliance on phishable seed phrases. As of 12:00 UTC on June 9, Ethereum (ETH) was trading at $2,931. According to CoinMarketCap on June 9, its 24-hour trading volume had increased by 1.5%.