Crypto Wallet infrastructure company Turnkey has raised $30 million in Series B funding led by Bain Capital Crypto, Monday’s wealth report.
Founded by former Coinbase employees Bryce Ferguson and Jack Kearney, Turnkey aims to help developers build user-friendly wallets using application programming interfaces (APIs).
This can help the wallet become leaner and easier to use, Ferguson said.
“We are transforming from the world of these slow, clumsy systems to transactions designed to buy and fix cryptocurrencies to very high throughput, machine-based, transactions,” he said.
The company calculates the forecast market platform between the long market, the Toothless (NFT) market between the Magic Eden and Stripe-owned Stablecoin Enterprise Bridge.
The funds also include donations from the Light faction and the Galaxy, LED Turnkey’s $15 million Series A April 2024.
Turnkey will use its new capital to grow its employees, currently with 35 employees. Special offers are seeking to expand its engineering team, the report said.
The company did not immediately respond to further comments from Coindesk.
