# Turnkey

> Turnkey is a New York wallet-infrastructure company that lets developers spin up non-custodial crypto wallets and automate onchain transactions through a single API. Founded in 2022 by former Coinbase Custody engineers Bryce Ferguson and Jack Kearney, it stores and uses private keys inside hardware-isolated secure enclaves, signs transactions in under 100 milliseconds, and publishes cryptographic proof that the code touching your keys is the code it claims to be. Its infrastructure sits behind consumer apps, stablecoin rails, and a growing wave of autonomous AI agents.

- **Founded:** 2022
- **Headquarters:** New York, New York, United States
- **Founders:** Bryce Ferguson (Co-Founder & CEO), Jack Kearney (Co-Founder & CTO)
- **Team size:** ~130 employees
- **Products:** Embedded Wallets, Company Wallets, Policy Engine, Transaction Automation / Onchain Automation, Key Management
- **Notable:** Raised more than $65M total across seed, Series A, Series B, and a 2026 strategic round from top-tier crypto and fintech investors., Reportedly powers millions of embedded wallets and signs millions of transactions per week., SOC 2 Type II audited, with security reviews by Distrust, Cure53, Trail of Bits, and Zellic.

## Products & services

- **Embedded Wallets** — Non-custodial wallets developers can embed directly into consumer apps, business teams, and white-labeled platforms, with social, email, and passkey authentication and multi-chain support (EVM, Solana, Bitcoin).
- **Company Wallets** — Programmatic onchain signing at scale for smart-contract management, payment orchestration, agentic payments, and autonomous agent wallets.
- **Policy Engine** — Programmable access controls and quorum rules that govern who and what can sign transactions, enforced at the key-management layer.
- **Transaction Automation / Onchain Automation** — Infrastructure to automate onchain actions and sign transactions end-to-end with sub-100ms latency.
- **Key Management** — Enterprise disaster recovery and encryption key storage running inside hardware-isolated secure enclaves.
- **Turnkey Verifiable Cloud** — A verifiable environment that lets companies run sensitive operations inside isolated secure enclaves with cryptographic attestation that code executed as intended and untampered.
- **QuorumOS (QOS)** — A minimal, immutable, deterministic Linux unikernel that powers end-to-end verifiable computing, requires a quorum of members to attest before enclave code is provisioned or updated, and traces source-to-runtime via reproducible builds and remote attestation. In production over two years and open-sourced in January 2025.

## Achievements

- Raised more than $65M total across seed, Series A, Series B, and a 2026 strategic round from top-tier crypto and fintech investors.
- Reportedly powers millions of embedded wallets and signs millions of transactions per week.
- SOC 2 Type II audited, with security reviews by Distrust, Cure53, Trail of Bits, and Zellic.
- Founding team's careers credited with protecting over $100B of crypto, including building Coinbase Custody.
- Adopted by high-profile apps including World App, Polymarket, Alchemy, and Bridge.
- Named to CNBC's 2025 World's Top Fintech Companies list.
- Open-sourced QuorumOS in January 2025 and published the Turnkey whitepaper.
- Reported over 50 million embedded wallets created by the June 2025 Series B.

## Latest updates

- **2026-05** — Raised $12.5M strategic round led by participation from Archetype and Circle Ventures, pushing total funding past $65M, to scale the team and publicly launch Turnkey Verifiable Cloud.
- **2026-05** — Turnkey Verifiable Cloud enters beta - a verifiable secure-enclave environment for managing digital assets and sensitive offchain operations.
- **2025-06** — Closed $30M Series B led by Bain Capital Crypto to grow its engineering team.
- **2024** — Closed $15M Series A led by Lightspeed Faction and Galaxy Ventures.

## Links

- Website: https://www.turnkey.com
- LinkedIn: https://www.linkedin.com/company/turnkeyhq
- Twitter/X: https://twitter.com/turnkeyhq
- GitHub: https://github.com/tkhq

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Profile page: https://yespress.io/turnkey
Published by YesPress — https://yespress.io
Last updated: 2026-08-14