Turnkey
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Turnkey provides operational wallet infrastructure that lets companies coordinate crypto payments across internal custodial wallets with role-based policies, transaction limits, approval rules, and gas sponsorship. It targets payment and treasury teams managing on-chain fund flows, with multichain support and usage-based pricing.
Also known as Turnkey (turnkey.com) · Turnkey Global
Founders & leadership
Investors · 14
Also in the syndicate · 1
Funding
SEC filings, press & company announcements$42.5M disclosed across 2 rounds · 2025–2026
- $12.5MVenture roundMay 2026 · 3 sources
Archetype, Bain Capital Crypto, Circle Ventures, Galaxy Ventures, Lightspeed Faction, Sequoia Capital, Variant
Source ↗ - $30MSeries BJun 2025 · 3 sourcesSource ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Turnkey 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.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Turnkey positions itself against custodial wallet providers and against MPC- and HSM-based key management vendors, emphasizing non-custodial control, enclave isolation and independent verifiability. It cites use by digital asset platforms including Polymarket, Flutterwave, Anchorage Digital and Tools for Humanity's World App.
Non-custodial by design with keys never leaving hardware-isolated enclaves; verifiability through code attestation and reproducible builds rather than trust in the operator; chain-agnostic signing across hundreds of chains; sub-100ms signing described as 50–100x faster than MPC solutions; and composable primitives that let customers either ship packaged flows or build custom wallet products.
Technology
Key operations run inside Trusted Execution Environments — specifically AWS Nitro Enclaves — rather than MPC or HSM architectures, with end-to-end private key generation, encryption and access control confined to the enclave and a tamper-proof audit trail. Code can be independently verified through code attestation and reproducible builds, and internal protocols restrict individual engineers from altering enclave code. The company reports 50–100ms signing and wallet-creation latency (0ms for client-side signing), 99.9% uptime, and capacity to scale to millions of signatures in minutes. Security assurances cited include SOC 2 Type II auditing and reviews associated with Distrust, Cure53, Trail of Bits and Zellic.
Go-to-market
Developer-led adoption supported by public documentation, open-source SDKs, a GitHub presence, an engineering blog, a whitepaper, case studies and a product demo, combined with an enterprise contact-sales channel for customized deployments.
Developers and companies building onchain products: consumer crypto and mobile trading apps, DEXs and lending/yield protocols, stablecoin issuers, fintech and treasury teams needing payment orchestration, enterprises requiring key management and disaster recovery, and teams deploying AI agents with wallets.
Geography
Headquartered in New York City, where non-technical staff are based; the technical team is remote-first, with regular offsites.
History
Turnkey's founding team met while building Coinbase Custody. In May 2026 the company announced a $12.5 million funding round backed by Archetype and Circle Ventures with participation from existing investors, bringing reported total funding to over $65 million, and said it would use the capital to prepare the public launch of Turnkey Verifiable Cloud, grow engineering and expand operational infrastructure across crypto, fintech and AI.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsTurnkey launched MFA, requiring an additional authenticator before high-risk actions, and Scoped Sessions, which restrict a single session to specific actions.
Turnkey announced a $12.5 million raise backed by Archetype and Circle Ventures, with Sequoia Capital also named as an anchor investor, alongside existing backers Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures and Variant. Proceeds are earmarked for the public launch of Turnkey Verifiable Cloud, engineering hiring and operational expansion across crypto, fintech and AI.
$12.5M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 8
primary sources listed
- Turnkeyturnkey.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Turnkey do?
- Turnkey provides non-custodial Wallet-as-a-Service and key management infrastructure for crypto apps via a single API.
- Who founded Turnkey?
- Turnkey was founded by Bryce Ferguson.
- Who are Turnkey's investors?
- Turnkey's investors include Archetype, Bain Capital Crypto, Faction, Figment, Mirana Ventures, Pathlight Ventures, Sequoia Capital, Variant Fund and 5 more.
- How much funding has Turnkey raised?
- Turnkey has disclosed $42.5M raised across 2 rounds.