The team that scaled Coinbase Custody past $100B in assets has secured $12.5M for their new venture, Turnkey. The startup provides secure, scalable, and programmable crypto infrastructure, focusing on embedded wallets and onchain transaction automation with its low-level wallet primitives.
This capital infusion comes from a notable group of investors, including Sequoia, Bain Crypto Capital, Lightspeed Faction, Galaxy, and Coinbase Ventures. Turnkey's infrastructure is already trusted by a growing list of platforms, from Moonshot and Alchemy to Magic Eden and Zora.
