Turnkey raises $12.5 million for secure cloud product

Turnkey, a provider of wallet and key-management infrastructure for crypto applications, has secured $12.5 million in a strategic funding round, bringing its total funding to over $65 million. The investment, which includes participation from Circle Ventures and Sequoia Capital, will accelerate the development and public launch of Turnkey Verifiable Cloud. This new product aims to offer secure computing for digital assets and sensitive operations, supporting features like transaction visibility and agent-driven wallet activity. The funding underscores a growing focus on stablecoin payments and enhanced security within the digital asset space.