Turnkey Secures $15M to Revolutionize Crypto Wallet Infrastructure

Turnkey's $15 Million Funding Milestone

Turnkey, a pioneer in secure and scalable wallet infrastructure for crypto developers, has successfully raised $15 million in a Series A funding round. This financial boost, led by Lightspeed Faction and Galaxy Ventures, with contributions from industry giants like Sequoia and Coinbase Ventures, marks a significant step in enhancing crypto user experiences.

Addressing Crypto UX Challenges

The crypto world faces critical user onboarding challenges. To perform any onchain activity, users must navigate complex processes such as downloading extensions and managing seed phrases. Turnkey aims to simplify these hurdles, making crypto more accessible by providing developers with robust tools for wallet and cryptographic transaction development.

Innovative Solutions for Developers

Turnkey's products are already integral to top developer tools and applications, including Alchemy and Goldfinch. By offering embedded wallet services and biometric logins, Turnkey facilitates seamless onboarding, handling hundreds of thousands of transactions daily. Their commitment to security ensures users maintain control over their private keys, enhancing both reliability and user experience.

Leadership and Vision

Co-founded by Bryce Ferguson and Jack Kearney, Turnkey's leadership brings expertise from building Coinbase Custody and roles at Trade Republic and Polychain. Their vision addresses the core issues of crypto UX, challenging conventional methods and focusing on decentralized solutions.

A Decentralized Future

Turnkey envisions a future where web3 users benefit from enhanced wallet infrastructure that goes beyond aesthetics. By empowering developers with bespoke tools and verifiable security, Turnkey is set to drive innovation and onboard the next generation of crypto users. This funding will accelerate their mission to create scalable, user-friendly crypto solutions.

Turnkey's commitment to revolutionizing crypto infrastructure through innovative security frameworks and developer-focused solutions positions them as a key player in the evolving blockchain landscape.