Crypto infrastructure firm Turnkey has successfully raised $30 million in a Series B funding round, spearheaded by Bain Capital Crypto. The round also saw participation from Sequoia Capital, Galaxy Ventures, Lightspeed Faction, Variant, and Wintermute Ventures, bringing Turnkey's total funding to $50 million. Founded in 2022 by former Coinbase Custody team members, Turnkey specializes in wallet infrastructure services, offering embedded wallets without the need for mnemonics. Its clientele includes Polymarket, Magic Eden, and Alchemy. Turnkey aims to develop an open crypto infrastructure layer to facilitate the industry's evolution akin to the Internet. The company believes that with less than 10% of the global population currently using cryptocurrencies, the infrastructure built today will be pivotal for the future of digital finance. The blockchain infrastructure market is projected to grow from $27.4 billion in 2025 to $221.4 billion by 2034, according to Market Research Future. This funding round highlights the increasing focus on crypto infrastructure as digital assets gain mainstream acceptance.