Turnkey raises $12.5 million in round backed by Circle Ventures and Sequoia Capital
Turnkey secured $12.5 million to fund its Verifiable Cloud product for digital assets.Summary
Turnkey has raised $12.5 million in a funding round with participation from Archetype, Circle Ventures, Sequoia Capital, and others, bringing its total funding to over $65 million. This capital will primarily support the development and public launch of Turnkey Verifiable Cloud, a secure computing product designed for digital assets and sensitive workloads. Founded by former Coinbase Custody employees, Turnkey provides wallet and key-management infrastructure for crypto applications, enabling non-custodial wallets, automated on-chain transactions, and policy-controlled signing. The company's Verifiable Cloud aims to allow businesses to conduct sensitive operations within a verifiable environment, including transaction visibility and agent-driven wallet activity. The investment also aligns with a broader trend in stablecoin payments and AI agentic finance.
(Source：CoinDesk)