Turnkey Secures $30M to Bolster Open Infrastructure for Crypto
Published on: June 9, 2025
In a groundbreaking move for the blockchain ecosystem, crypto infrastructure provider Turnkey has successfully raised $30 million in new funding. This substantial financial injection is aimed at advancing the company’s ambitious plan to develop an ‘open infrastructure layer’ tailored for the cryptocurrency industry.
The fundraising effort, announced today, underscores a growing recognition of the essential role that open and accessible blockchain infrastructure plays in the global crypto landscape. As digital currencies and decentralized applications continue to gain traction, the demand for robust, scalable, and interoperable infrastructure solutions has never been higher.
Turnkey’s vision for an open infrastructure layer seeks to address several critical issues plaguing the current crypto ecosystem. These include interoperability challenges, security vulnerabilities, and the high costs associated with blockchain development. By creating a standardized and open framework, Turnkey aims to facilitate seamless integration across different blockchain networks, thereby enhancing the overall functionality and security of digital assets and decentralized applications.
According to Turnkey CEO, Alex Chen, “This funding marks a pivotal moment in our journey to empower developers and businesses in the crypto space. Our open infrastructure layer will not only streamline development processes but also promote innovation by reducing barriers to entry.”
The $30 million raised will be strategically invested in three core areas: technological research and development, strategic partnerships, and global expansion. By focusing on these areas, Turnkey aims to reinforce its position as a leader in blockchain infrastructure and foster a more inclusive and efficient crypto ecosystem.
Industry experts have praised Turnkey’s initiative, highlighting the potential impact of an open infrastructure layer on the broader blockchain community. “Turnkey’s approach could very well set a new standard for how blockchain networks interoperate,” said blockchain analyst Maria Gonzales. “By focusing on openness and collaboration, Turnkey is not only pushing the industry forward but also ensuring that more players can participate in this rapidly evolving space.”
As the crypto industry continues to mature, the need for open, reliable, and scalable infrastructure becomes increasingly apparent. Turnkey’s latest funding round is a testament to the confidence investors have in the company’s vision and its ability to deliver on the promise of a more interconnected blockchain future.
With this significant capital boost, Turnkey is poised to lead the charge in transforming the crypto infrastructure landscape, paving the way for a new era of digital innovation.
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