Turnkey Raises $15M in Series A Funding to Advance Blockchain Wallet Infrastructure

Introduction to Turnkey's Wallet Infrastructure

Turnkey, a trailblazer in blockchain wallet infrastructure, has successfully garnered $15 million from a Series A funding round to enhance its innovative wallet solutions for blockchain developers. The round saw significant investment from prominent venture groups including Lightspeed Faction and Galaxy Ventures, consolidating the company's vision to streamline wallet functionalities for application developers.

Turnkey's Mission and Innovation

Co-founded by two former employees of Coinbase, Turnkey is dedicated to creating tools that provide developers with the necessary flexibility and security in handling cryptographic transactions. The freshly secured funds follow a substantial seed capital raised in 2022 and will fuel Turnkey's objective to empower customer control over crypto assets beyond mere investment.

Empowering the Blockchain Ecosystem

The company's focus is not only on user-friendly wallets for everyday transactions but also on providing robust infrastructure for enterprises and financial services. Turnkey has already carved its niche by collaborating with influential entities like Alchemy and is viewed as a vital cog in crafting efficient transaction systems for a diverse clientele in the blockchain space.