INSUBCONTINENT EXCLUSIVE:
Turnkey, a crypto infrastructure company founded by former Coinbase Custody builders in 2022, has raised $30 million in a Series B round to
Capital Crypto led the round with participation from Sequoia Capital, Galaxy Ventures, Lightspeed Faction, Variant, and Wintermute Ventures
teams, according to the announcement
Less than 10% of the global population uses crypto today, and the infrastructure reflects that
blockchain technologyThe blockchain infrastructure sector has garnered increased attention from investors in recent years
In January 2022, crypto infrastructure company Fireblocks raised $550 million at a $8 billion valuation, bringing its total funding to $799
Blockchain infrastructure provider, Blockdaemon, raised $155 million in September 2021 before raising an additional $207 million in January
2022.In March, direct Turnkey competitor Privy announced a raise that brought its total fundraising to $40 million
Like Turnkey, Privy offers embedded wallets, allowing companies to integrate white label wallets directly into their applications with less
friction than traditional non-custodial wallets.Blockchain infrastructure is gaining more attention as digital assets rise and achieve
According to Market Research Future, the blockchain infrastructure market is valued at $27.4 billion in 2025
It has a compound annual growth rate of 26.1% and is projected to reach a market size of $221.4 billion by 2034.Blockchains have potential
outside of crypto as well and may be used to streamline supply chain management, better energy distribution, and increase capabilities of
