Turnkey lands $12.5M strategic round to scale crypto wallet stack

Turnkey, a New York–based crypto infrastructure startup that powers non-custodial wallets and verifiable computing for digital assets, has secured a $12.5 million strategic investment. The funding is led by Archetype and Circle Ventures, with participation from existing backers including Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, Sequoia Capital, and Variant. The new capital lifts Turnkey’s total funding to more than $65 million, following its prior seed and Series A rounds.

Turnkey provides programmable wallet infrastructure that enables companies to generate, store, and use cryptographic keys, automate onchain transactions, and run sensitive workflows in secure, verifiable environments. The company plans to use the fresh funding to accelerate development and the public launch of Turnkey Verifiable Cloud, which is designed to let teams execute critical operations in isolated, cryptographically verifiable enclaves.

This strategic round underscores growing demand from fintechs, exchanges, and AI-enabled applications for robust wallet infrastructure and verifiable compute tooling. By deepening its partnership with investors such as Archetype and Circle Ventures, Turnkey aims to expand its role as a core infrastructure provider for the onchain economy, supporting use cases ranging from consumer wallets to enterprise-grade digital asset operations across crypto, payments, and broader financial services.