1/ WOAH!!! So pumped to share that we’ve raised a $15M Series A from
@FactionVC
&
@GalaxyHQ
We’ve spent the past two years
@turnkeyhq
building next-gen infra for crypto — and we can’t wait to accelerate our vision to secure the open internet.
I launched the first staking products at Coinbase. We spent 100s of hours on the legal analysis of staking both internally & with many outside law firms. After many conversations with the SEC, there was no negative feedback & we realized no response was the best we’d get.
From the beginning Coinbase has waded through uncertainty to bring the most trusted crypto products to the space and it is such a fumble for US regulators to not support safe crypto innovation.
1/ *loudly updates twitter bio to founder
@turnkeyhq
*
Over the last 12 months, I’ve been quietly working alongside the sharpest team in crypto to build simple APIs to securely manage your private keys. I couldn’t be more excited to tell you more about the journey 👇
Next up, I’ll be moving to Berlin to head up crypto for
@TradeRepublicDE
.
Would love to meet the crypto gang out in Berlin if anyone has friends there! And yes, we’re hiring. DM me to chat 🚀
Turnkey is powering authentication & signing for Alchemy’s Embedded Accounts, now available in open beta.
Wallets should be invisible
We're helping
@AlchemyPlatform
make this *the* UX standard in crypto
Turnkey is designed to secure the open internet.
Our team has built a "low-level set of tools that developers can use for anything that is a wallet or touches a cryptographic transaction."
This Series A will help us push faster towards that vision.
.
@turnkeyhq
, a company from former Coinbase employees that helps developers build blockchain wallets, has raised $15M in series A funding.
@skesslr
reports
🔐I was the first PM on Coinbase Custody. Alongside
@sammcingvale
, we built Custody from the ground up turning it into the largest crypto custodian in the world.
🗳I worked hand in hand with issuers to launch major governance products on Custody. Whiteboarding with
@rleshner
&
@jaysonhobby
still goes down as one of my favorite CB moments.
💰I scaled Custody’s asset addition process, launching 100+ assets and bringing billions on platform.
@Ndebontin
and
@zosegal
were the lean, mean asset team.
In case you thought it was too late to get into crypto:
Current crypto users: 200M
Current internet users: ~5B
It's 1998 for crypto and we're at 4% penetration.
🥩I brought Coinbase’s staking efforts from 0 to 1. This started with a proposal to leadership and then was a wild ride of acquisitions, regulatory approvals, and new launches. Early days with
@LukeYoungblood
and
@HoolieG
felt like we were on to something big.
1/ 🌎 DeFi for the world is here! 🔥
We’re proud to present to you an interactive demo of what we believe is the future of DeFi UX.
DeFi shouldn’t just be for the niche DeFi enthusiasts. It’s for everyone. It’s for the world.
When I was 16 I got a speeding ticket the day my grandmother died.
I went with my dad to traffic court to argue the ticket, funeral card in hand.
We were with a crowd of people in rows of wooden benches, waiting for the judge to come out.
My dad leaned over to whisper
We're hiring our first designer
@turnkeyhq
in person in NYC.
We're looking for a high slope designer to come in at the ground floor and work on crypto-forward 0 to 1 products.
Who should I be talking to?
1/ Seems like the LLM honeymoon is over.
The "wow" factor has faded. Nobody is breathless anymore. The problems (hallucinations, incoherence over long outputs) are better understood. People no longer believe AI hype men that this stuff can do things it can't yet do.
2/ So, what is Turnkey?
Turnkey is secure, flexible, and scalable wallet infrastructure.
Our composable primitives allow devs to build anything involving a cryptographic transaction, including embedded wallets, signing automations, and more
@skooookum
Do you want us to take our shoes off?
Where do you work?
Oh what team are you on?
Are you going to burning man?
Are you still drinking these days?
Do you know ____?
AA + Passkeys = 🪄✨
@zerodev_app
is launching a “passkey AA wallet service” today that leverages Turnkey’s wallet infrastructure. Say goodbye to seed phrases – now your user can create AA wallets with touch ID!
Read more on our blog:
@_jhunsaker
@goldfinch_fi
Secure enclaves absolutely have a place in the key mgmt landscape. Holding key material yourself has a place too, but isn't low risk for the average user.
Our team built the custody and storage systems securing $100Bs of crypto
@coinbase
,
@bitgo
and
@polychain
. We bring a very
Congrats to
@turnkeyhq
!! 🥳🥳
They don’t talk about their tech enough (it’s insane), but they don’t have to - institutional-grade custody with degen-grade flexibility is something that’s been sorely missing from the space
3/ Because Turnkey is so flexible, it’s enabling teams to build crypto UX that wasn’t previously possible.
We want to help you build hard things in crypto, and provide the infrastructure you need to focus on your product.
3/ My cofounder
@whojackjones
and I met while building Coinbase Custody from 0 to $100B+ in assets, and we’ve used this experience to take a first principles approach to wallets.
Instead of simply making wallets better to use, our *primitive-first* approach aims to redefine how
Today, the Court decided that our SEC case will move forward on most of the claims, but dismissed the claims against Coinbase Wallet. We were prepared for this, and we look forward to uncovering more about the SEC’s internal views and discussions on crypto regulation. 1/6
🤩After 5 amazing years
@coinbase
, it’s time for a new adventure. There are too many great memories & lessons learned to mention, but here are a few highlights:
Coinbase received a Wells notice from the SEC. After years of asking for reasonable crypto rules, we're disappointed that the SEC is considering courts over constructive dialogue. But if courts are required, so be it. We'll defend the rule of law. 1/15
7/ This is ultimately just the beginning and there’s so much more that we’ll be unlocking with Turnkey!
Want to build with us? Sign up at , check out our docs, or join our developer Slack channel!
P.S. We’re hiring — DM me to chat.
Our early clients like
@goldfinch_fi
,
@zerodev_app
,
@dynamic_xyz
,
@0xstation
, &
@terrace_fi
are using Turnkey to build bleeding edge UX. Use Turnkey to create passkey-powered non-custodial wallets, complex on-chain automation, NFT minting experiences, DAO tooling, and more.
🎙️ Amberdata Podcast Feat Bryce Ferguson (
@sadbryce
), Co-Founder at
@TurnkeyHQ
- In this episode, host Chris Martin (
@Bonanas_eth
) speaks w/ Bryce on his past roles in the space and TurnKey's simple API for developers to securely manage their private keys
Reason
#1
,514 I'm glad I'm no longer in SF.
Can u believe that shared laughter accelerates a feeling of closeness and trust??!! Use this One Simple Hack to Get What You Want!
5/ In 2018, crypto was viewed as an investment vehicle and institutions wanted a way to lock crypto up and throw away the key. In 2022, on the other hand, developers were flooding into the space and starting to build new, more complicated use cases on crypto as infrastructure.
Sydney Sweeney has revealed her excitement for Turnkey's wallet infra!
"They're cool because they offer flexible, dev-friendly primitives, are 50x+ faster than MPC providers, and provide institutional-level security for consumer-scale products. What's not to like?" she said.
5/ The Turnkey team has also been shipping like crazy over the past few months! We’ve launched features like Import, Webhooks, EIP-1193 support, and have much more planned 😈.
We are making Turnkey an essential part of every crypto developer’s toolkit.
@anothercohen
In tech not so much. In finance, consulting, big law… absolutely.
FWIW school feels like much more of a dividing line in NYC than any other city.
Coinbase Custody continuously focuses on encouraging the growth of the decentralized finance ecosystem for our institutional partners. With our roll out of support for Compound Governance today, we're delivering on this mission.