Turnkey has raised $7.5M in a seed funding round backed by Sequoia and Coinbase Ventures
Turnkey, a crypto security and custody platform, has raised $7.5M in funding from Sequoia Capital, Variant, Coinbase Ventures and Dragonfly Capital. Led by former Coinbase Custody execs, Turnkey builds a developer-first tool that allows users to generate hundreds of wallets and sign thousands of transactions across any chain, all with flexible, programmable permissions, and providing a simple way to generate and manage private keys securely.
Turnkey has raised $7.5M in a seed funding round backed by Sequoia and Coinbase Ventures
Turnkey, a crypto security and custody platform, has raised $7.5M in funding from Sequoia Capital, Variant, Coinbase Ventures and Dragonfly Capital. Led by former Coinbase Custody execs, Turnkey builds a developer-first tool that allows users to generate hundreds of wallets and sign thousands of transactions across any chain, all with flexible, programmable permissions, and providing a simple way to generate and manage private keys securely.
Durov said on his Telegram channel today that the two and a half year blockchain and crypto project has been put to sleep. Ironically, after leaving Russia because the government wanted his encryption keys to his social media firm, Durov’s cryptocurrency idea lost steam because of a U.S. court. “The technology we created allowed for an open, free, decentralized exchange of value and ideas. TON had the potential to revolutionize how people store and transfer funds and information,” he wrote on his channel. “Unfortunately, a U.S. court stopped TON from happening.”
The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothers—or maybe the next Silverado?—echoed through the canyons of Wall Street as investors prepared for the worst.
