Crypto infrastructure company Turnkey has made headlines in the cryptocurrency world with the announcement of its successful $30 million Series B funding round on June 9, 2025. The funding round was led by Bain Capital Crypto, a prominent player in the crypto investment space.

Turnkey's CEO, Bryce Ferguson, expressed excitement about the new funding, emphasizing the company's commitment to enhancing crypto infrastructure and services. He highlighted the importance of strong partnerships in driving innovation and growth in the industry. Ferguson acknowledged the participation of key investors such as Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Variant, and Wintermute Ventures, all of whom contributed to the successful funding round.

The Series B funding represents a significant milestone for Turnkey, enabling the company to expand its operations, develop new products and services, and enhance its technological capabilities. With the increasing adoption of cryptocurrencies and blockchain technology, there is a growing demand for robust infrastructure solutions to support the evolving needs of the digital asset ecosystem.

Turnkey specializes in providing infrastructure services for crypto businesses, offering solutions that include custody, trading, lending, and staking services. The company's platform is designed to meet the complex requirements of institutional clients, ensuring security, scalability, and compliance with regulatory standards.

The funding round comes at a time when the crypto industry is experiencing rapid growth and attracting mainstream interest from investors and institutions. As digital assets gain wider acceptance and recognition as an alternative asset class, the need for reliable infrastructure providers like Turnkey becomes increasingly crucial.

By securing fresh funding from top-tier investors, Turnkey is well-positioned to capitalize on the expanding opportunities in the crypto market. The company plans to use the investment to further enhance its technology stack, expand its team, and explore new business verticals to better serve its growing client base.

The participation of leading investment firms like Bain Capital Crypto, Sequoia Capital, and Lightspeed Faction underscores the confidence in Turnkey's business model and growth potential. These strategic partnerships not only provide financial support but also open doors to valuable networks and resources that can accelerate Turnkey's trajectory in the competitive crypto landscape.

As Turnkey continues to strengthen its position as a key player in the crypto infrastructure space, the company remains focused on driving innovation, fostering partnerships, and delivering best-in-class solutions to meet the evolving needs of the digital asset ecosystem. With the backing of top investors and a clear vision for the future, Turnkey is poised for further growth and success in the dynamic world of cryptocurrencies.

Source: https://news.bitcoin.com/bain-capital-crypto-leads-30m-investment-in-turnkey/