Turnkey completes $12.5 million strategic financing, with Circle and Sequoia participating

Techub News reports that, according to CoinDesk, crypto infrastructure provider Turnkey has completed a $12.5 million strategic funding round, led by Archetype, Circle Ventures, and existing investors, with participation from Sequoia Capital, Bain Capital Crypto, and others, bringing total funding to over $65 million. The company stated that the new funds will be used to develop the Turnkey Verifiable Cloud secure computing product. Turnkey was founded by former Coinbase Custody employees and focuses on wallet and key management infrastructure, with clients including Flutterwave, World App, Polymarket, and Anchorage Digital.