Turnkey

Turnkey is a wallet-as-a-service infrastructure provider. Its core business is offering APIs that let companies create wallets, sign transactions, and automate on-chain actions without directly handling private keys.

Its key differentiator is "verifiable security." All private keys are generated and stored inside hardware-backed secure enclaves (TEEs). Every operation produces a cryptographic attestation, allowing users to independently verify how keys are managed and how signatures are authorized. This turns security from a matter of trust into a matter of mathematical proof.

The market pain point Turnkey addresses is the trade-off between self-custody and usability. Traditional self-custody requires users to manage seed phrases, which are prone to loss and theft. Custodial solutions, on the other hand, require blind trust in a third party. Turnkey removes this dilemma: users retain full control of their assets, while the complexity of key management is abstracted away behind simple APIs. It supports multiple chains (EVM, Solana, Bitcoin) with signing latency of 50–100ms and 99.9% uptime.

In the past six months (Feb–Aug 2026), Turnkey announced a partnership with Nuvion in July 2026 to provide embedded wallet and stablecoin infrastructure for global businesses. This integration allows companies to launch stablecoin-based financial products without building or maintaining wallet systems themselves. No major negative events were reported during this period.