Turnkey has raised $12.5 million in a strategic funding round to expand its secure wallet infrastructure and verifiable cloud platform, targeting growth in stablecoin payments, AI agent transactions, and programmable onchain systems.
The investment was led by Archetype, Circle Ventures, Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, Sequoia Capital, and Variant. The round brings Turnkey’s total funding to over $65 million. The company will use the capital to accelerate the development of Turnkey Verifiable Cloud and prepare it for a public launch.
Turnkey's infrastructure powers non-custodial wallets, automated onchain transactions, and policy-controlled signing for clients including Flutterwave, Tools for Humanity’s World App, Polymarket, and Anchorage Digital.
As crypto infrastructure moves beyond basic wallet creation, Turnkey Verifiable Cloud allows companies to run sensitive operations inside isolated, verifiable secure enclaves. These enclaves provide cryptographic proof that code executed exactly as intended in a trusted environment.
CEO Bryce Ferguson emphasized that stablecoins are transforming online value transfer and AI agents are challenging traditional security assumptions. Turnkey's verifiable infrastructure secures both onchain transactions and the offchain systems they rely on.
The company launched Verifiable Cloud in private beta in November. Early customer Anchorage Digital uses it to build transaction visibility tools. Turnkey has also expanded its product lineup with transaction management, gas sponsorship, verifiable wallets, policy decisions, fiat onramps through Coinbase and MoonPay, and packaged solutions for agentic wallets and payment orchestration.