Turnkey, a crypto infrastructure company founded by former Coinbase Custody builders in 2022, has secured $30 million in a Series B funding round. The company aims to establish an 'open infrastructure layer' for the crypto industry, likening it to the evolution of the internet. Leading the round was Bain Capital Crypto, with contributions from Sequoia Capital, Galaxy Ventures, Lightspeed Faction, Variant, and Wintermute Ventures. Turnkey specializes in wallet infrastructure, offering embedded wallets to enhance security. Clients include Polymarket, Magic Eden, and Alchemy. The funding will support the expansion of Turnkey's teams and focus on modular infrastructure for payments, AI agents, and decentralized finance. The blockchain infrastructure sector has seen increased investor interest, with companies like Fireblocks and Blockdaemon raising significant funds. The market for blockchain infrastructure is projected to reach $221.4 billion by 2034, indicating substantial growth potential beyond the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

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