From Cointelegraph

June 9, 2025 6:00 PM:

Turnkey, a crypto infrastructure company, raised $30 million in a Series B round to create an “open infrastructure layer” for crypto. Bain Capital Crypto led the round, bringing Turnkey’s total funding to $50 million. The company specializes in wallet infrastructure and serves clients like Polymarket and Magic Eden.

The blockchain infrastructure sector has seen increased investor interest. Fireblocks raised $550 million in January 2022, with a valuation of $8 billion. Blockdaemon raised $155 million in September 2021 and an additional $207 million in January 2022. Privy, a Turnkey competitor, raised $40 million recently.

Blockchain infrastructure market is projected to reach $221.4 billion by 2034, with a compound annual growth rate of 26.1%. Beyond crypto, blockchains have potential in supply chain management, energy distribution, and disaster recovery. Market Research Future values the blockchain infrastructure market at $27.4 billion in 2025.

Read more at Cointelegraph: Turnkey Raises $30M For Open Crypto Infrastructure