Virtual Asset Custody Firm 'Turnkey' Secures $30 Million Investment

Source
Son Min

Summary

  • Virtual asset custody company Turnkey has reportedly secured a $30 million investment in its Series B round.
  • This investment round was led by Bain Capital Crypto, with Polymarket and Magic Eden participating.
  • Turnkey announced that it plans to use the secured funds for expanding its engineering team and hiring new talent.

Virtual asset (cryptocurrency) custody firm Turnkey has reportedly raised $30 million in a Series B round.

According to CoinDesk on the 9th (local time), Turnkey secured $30 million in investment during its Series B round. This round was led by Bain Capital Crypto, with Polymarket and Magic Eden also participating. Turnkey plans to use the funding from this round to hire additional talent, including expanding its engineering team.

Bryce Ferguson, co-founder of Turnkey, said, "We aim to improve the inconvenient systems for buying and storing virtual assets."

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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