Turnkey announces $12.5M strategic investment to power the infrastructure behind crypto wallets and verifiable computing

May 14, 2026 – Today, Turnkey is announcing a $12.5 million strategic investment with participation from Archetype, Circle Ventures, and existing investors including Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, Sequoia Capital, and Variant. This brings Turnkey’s total funding to more than $65 million.

Turnkey combines secure crypto wallet infrastructure with a verifiable cloud to manage digital assets and sensitive workloads safely. It powers non-custodial wallets, automated onchain transactions, and a verifiable environment for critical operations. In the last year, Turnkey has announced a range of new customers, including Flutterwave, Africa’s leading payments technology company; Tools for Humanity's World App, the super app for humans in the age of AI, co-founded by Alex Blania and Sam Altman; and Polymarket, the world’s largest prediction market. Anchorage Digital, home to America’s first federally regulated crypto bank, is also among the first customers on Turnkey Verifiable Cloud, using it to power its transaction visibility solution. 

"Stablecoins are transforming how value moves online, and AI agents are upending traditional security assumptions,” said Bryce Ferguson, CEO and co-founder of Turnkey. “Turnkey builds verifiable infrastructure that secures both onchain transactions and the offchain systems they depend on. We’re excited to have Archetype and Circle Ventures as investors as we scale our team, prepare for the public launch of Turnkey Verifiable Cloud, and continue building the infrastructure that powers the world’s most critical workloads.”

‍

Turnkey has recently announced a number of new capabilities to advance its secure, composable, and scalable infrastructure. Launches include:

• Turnkey Verifiable Cloud in beta
• Transaction Management with Gas Sponsorship
• The world’s first verifiable wallets and verifiable policy decisions
• Fiat onramps with Coinbase and MoonPay
• New packaged solutions like Agentic Wallets, Payment Orchestration, Smart Contract Management, and more.

‍

“From real-time settlements in prediction markets to stablecoin payments and agent-driven transactions, the need for verifiable infrastructure is accelerating rapidly,” said Ash Egan, Founder and General Partner of Archetype. “We’re proud to back Bryce, Jack, and the formidable team at Turnkey as they push this programmable infrastructure forward and help establish New York as a core hub of the onchain economy.”

With its new funding, Turnkey plans to further invest in the development of Turnkey Verifiable Cloud and continue to build market-leading infrastructure for the next generation. 

‍About Turnkey

Turnkey provides secure, scalable, and programmable infrastructure for embedded wallets, onchain transaction automation, and verifiable enterprise workloads. Its infrastructure combines non-custodial wallets with Turnkey Verifiable Cloud, creating a verifiable environment for managing digital assets and sensitive operations. To learn more, visit www.turnkey.com or @turnkeyhq.

‍