Turnkey raises $12.5M to expand verifiable cloud infrastructure for crypto wallets
The funding brings Turnkey’s total backing to over $65 million as stablecoins, AI agents, and onchain apps drive demand for secure transaction systems.
Share
Add us on Google by Estefano Gomez May. 14, 2026Turnkey raised $12.5 million in strategic funding to expand its secure wallet and verifiable cloud infrastructure as demand grows for stablecoin payments, AI agent transactions, and programmable onchain systems.
The round included participation from Archetype, Circle Ventures, Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, Sequoia Capital, and Variant, bringing Turnkey’s total funding to more than $65 million. The company plans to use the capital to continue developing Turnkey Verifiable Cloud and prepare the product for public launch.
Turnkey provides wallet and key management infrastructure for crypto applications, including non-custodial wallets, automated onchain transactions, and policy-controlled signing. The company says its infrastructure is used by customers including Flutterwave, Tools for Humanity’s World App, Polymarket, and Anchorage Digital.
The funding comes as crypto infrastructure companies try to serve a broader set of use cases beyond basic wallet creation. Turnkey Verifiable Cloud is designed to let companies run sensitive operations inside isolated, verifiable secure enclaves, with cryptographic proof that code executed as intended in a trusted environment.
Stablecoins are transforming how value moves online, and AI agents are upending traditional security assumptions, Bryce Ferguson, CEO and co-founder of Turnkey, said in a statement. Turnkey builds verifiable infrastructure that secures both onchain transactions and the offchain systems they depend on, he added.
Turnkey introduced Verifiable Cloud in private beta in November, saying the platform extends the same security model used for its wallet infrastructure to broader workflows such as transaction processing, compliance operations, sensitive state management, attested data feeds, and privacy preserving computation. Anchorage Digital was listed as an early beta customer using the product to build transaction visibility tools.
The company has also expanded its product lineup with transaction management, gas sponsorship, verifiable wallets, verifiable policy decisions, fiat onramps through Coinbase and MoonPay, and packaged solutions for agentic wallets, payment orchestration, and smart contract management.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
