Turnkey completes $12.5 million strategic financing round with participation from Circle Ventures and Sequoia Capital

Odaily reports that Turnkey, a crypto wallet and key management infrastructure company, has announced the completion of a $12.5 million strategic financing round. Archetype and Circle Ventures led the round, with participation from Sequoia Capital, Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, and Variant, among others. The project's total funding has now exceeded $65 million.

The project's primary business involves developing wallet and key management infrastructure for crypto applications. This funding round will be used to support the development and public launch of Turnkey Verifiable Cloud, its digital asset security computing product. Designed to provide enterprises with verifiable operating environments, the product covers functionalities such as transaction visibility, policy decisions, and agent-driven wallet activities. Current Turnkey clients include Polymarket, World App, and Anchorage Digital, among others.