Turnkey

Turnkey is a New York-based provider of wallet and key management infrastructure for onchain applications. Its platform generates wallets and private keys, signs transactions, and enforces programmable controls over who may use keys, when and how. Private keys are created, encrypted and used inside hardware-isolated Trusted Execution Environments (AWS Nitro Enclaves), so raw keys are not exposed to Turnkey, the customer's software or its team. The service is chain-agnostic, with signing organized around cryptographic curves rather than individual assets, covering EVM chains, Solana, Bitcoin and others.

The product line spans embedded wallets (white-labeled wallets for consumer apps and business accounts with email, phone, passkey, social/OAuth and external-wallet login, plus import/export, pre-generated wallets, recovery and gas sponsorship), company wallets for programmatic onchain signing, treasury automation, payment orchestration and smart contract management, enterprise key management including encryption key storage and disaster recovery, and Turnkey Verifiable Cloud, which uses cryptographic attestation to prove that keys and policy logic executed inside a hardware-isolated enclave. Cross-cutting features include a policy engine for transaction limits and permissions, multi-factor authentication on sensitive actions, scoped sessions, delegated access and quorum approvals. Developers integrate through REST APIs, webhooks and SDKs in TypeScript, React, React Native, Swift, Kotlin, Python, Go and Ruby, along with an Embedded Wallet Kit of pre-built UI components for Android, iOS and macOS.

Stated use cases include stablecoin issuance and payment flows, DeFi and trading venues, consumer crypto applications, developer tooling, and wallets provisioned to AI agents that act autonomously while keys and policies remain enclave-contained.

Founding story

The founding team met while working on Coinbase Custody, described as the world's largest crypto custodian; products team members built across the industry have been responsible for protecting over $100 billion of crypto. The company is led by CEO and co-founder Bryce Ferguson alongside a co-founder named Jack.

Business model

Turnkey sells infrastructure to other companies, positioning itself as unopinionated Wallet-as-a-Service: customers can adopt packaged solutions or compose lower-level primitives (APIs, SDKs, policy engine) into their own products. Sales are handled through a contact-sales motion, and the company describes scalable pricing suited to smaller teams as well as enterprises.

Traction

More than 100 million policies have been created on the platform according to the company's blog. Reference customers and case studies include Moonshot (millions of self-custodial wallets for a mobile trading app), Infinex, Azura, Faraway, Pass App and Mural Pay; Pass App reports saving at least six months of engineering time and perfect uptime since launch. Press coverage lists Polymarket, Flutterwave, Anchorage Digital and World App among platforms powered by Turnkey.

Latest developments

In August 2026 Turnkey introduced MFA and Scoped Sessions, adding an additional authenticator requirement for high-risk actions and restricting individual sessions to specific actions, and published data on more than 100 million policies created on the platform. In May 2026 it raised $12.5 million to accelerate development ahead of the public launch of Turnkey Verifiable Cloud and to scale engineering and operational infrastructure.