Turnkey has raised $12.5 million in a strategic investment round backed by Archetype, Circle Ventures and existing investors including Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, Sequoia Capital and Variant. The round brings total funding to over $65 million. The New York-based company, founded by former Coinbase Custody employees Bryce Ferguson and Jack Kearney, builds wallet and key-management infrastructure for crypto applications. Customers include Flutterwave, World App, Polymarket and Anchorage Digital. The funding will support development of Turnkey Verifiable Cloud, a secure computing product for digital assets and sensitive workloads, ahead of its public launch. The product enables companies to run sensitive operations in a verifiable environment, including transaction visibility and policy decisions.

Turnqey has launched three integrated products to help financial advisers manage cryptoassets: TAIP, Qeychain and Turnqey Institute. The San Diego-based wealthtech platform aims to modernise how advisers, wealth managers and institutions interact with cryptoassets. TAIP provides portfolio intelligence for cryptoasset allocation, enabling advisers to evaluate exposures using risk-aware frameworks and stress-test scenarios. Qeychain addresses operational challenges by unifying custody, reporting and reconciliation across disconnected platforms, reducing administrative burden. Turnqey Institute offers structured education focused on portfolio behaviour, risk management and regulatory considerations. The company positions the three solutions as addressing historically fragmented aspects of cryptoasset management: portfolio construction, operational infrastructure and adviser education. Turnqey frames competence as a fiduciary obligation for advisers recommending cryptoasset allocations.

Turnkey, a NYC-based crypto wallet infrastructure company, raised $30M in Series B funding