Turnkey Raises $30M Series B to Simplify Private Key Management for Crypto Developers

Turnkey is redefining wallet infrastructure with its non-custodial, API-driven solution for secure private key management. The platform combines enterprise-grade performance—boasting 50–100ms latency and 99.9% uptime—with multichain scalability, capable of processing millions of transactions in minutes. Its Trusted Execution Environment (TEE) architecture ensures users retain full control of keys while powering embedded wallets across DeFi, payments, and AI applications.

Backed by a team with deep roots in Coinbase Custody and cryptography, Turnkey secured $30 million in Series B funding led by Bain Capital Crypto. The round included participation from Sequoia, Galaxy Ventures, and other notable investors, signaling strong confidence in its vision for composable crypto infrastructure. Recent recognition by CNBC underscores its growing influence in securing the open internet's financial layer.