Bryce Ferguson

Turnkey, the New York-based crypto wallet infrastructure company founded by former Coinbase Custody employees, has raised $12.5 million in new funding as it prepares to bring its Verifiable Cloud product to market.

The round lifted the company’s total funding to more than $65 million. According to the company, the financing drew support from Circle Ventures, Sequoia Capital, Archetype, Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures and Variant.

Turnkey builds key-management tools for crypto applications, including noncustodial wallets, automated on-chain transactions and policy-based signing. Its customer list includes Flutterwave, Polymarket and World App, placing it in a part of the…