Company Market Research Report: Turnkey

Company Overview

Name: Turnkey

Mission: Turnkey is on a mission to secure the open internet by building verifiable infrastructure to power crypto for generations to come.

Founded: No information is available on when Turnkey was founded.

Founders: No information is available on the company's founders.

Key People:

The founding team previously worked on Coinbase Custody.

Jackson is the CEO and Founder of Azura.

Alex is the Co-founder of Faraway.

Headquarters: Turnkey's non-technical team is based in New York City, USA.

Number of Employees: No specific number is available, but the team reportedly has over 100+ years of combined experience in cryptography, security, and low-level systems.

Revenue: No information is available on the company's revenue.

Known For: Turnkey is known for its private key management infrastructure, making the management of digital assets secure and scalable through an elegant API.

Products

Overview

Turnkey offers a suite of products designed for secure and scalable private key management, catering to different needs such as wallets, authentication, and automation.

Products Offered

1. Embedded Wallets

Description: Offers non-custodial wallet integration for apps to increase conversion rates with seamless, in-app wallets.

Key Features:

Multichain Support

Biometric Passkeys

Auth with OAuth, Email/SMS OTP

Delegated Access

2. Smart Wallet Signer

Description: A tool for fast transaction signing with scalable pricing.

Key Features:

Flexible APIs

Gas Sponsorship

Account Abstraction

3. Onchain Automation

Description: Automates complex crypto transactions and workflows at scale.

Key Features:

Private Key Management within secure enclaves

Broad Asset Support

Policy Engine for setting rules

Import & Export of Keys

Recent Developments

Audits

Turnkey has undergone multiple successful security audits by firms such as Cure53, Trail of Bits, and Zelic, ensuring enterprise-grade security.

Product Launches

Embedded Wallet Kit: Launched in December 2024, enabling developers to create non-custodial wallets more efficiently with pre-built UI components.

Onchain Automation: Enhanced to automate smart contract interactions and staking management.

Partnerships and Case Studies

Alchemy: Partnered to provide embedded accounts, enhancing UX for developers.

Azura: Utilized the Turnkey ecosystem for building a DeFi trading terminal.

Moonshot: Implemented Turnkey’s infrastructure for a better onboarding experience in their mobile crypto trading app.

Spectral: Adopted Turnkey to create wallets for AI agents.

Features Added

Gas Sponsorship: A new feature to enable frictionless onboarding.

Session Management: Improved user sessions for transaction signings.

QuorumOS: Announced as open source enabling true end-to-end verifiable computing.

New Capabilities

Non-Custodial: Ensures full control over user assets without requiring Turnkey to access raw private keys.

Enterprise-grade: Provides security similar to Coinbase Custody with support for various blockchains like Solana, Bitcoin, and Ethereum.

Scalability and Flexibility: Offers a modular infrastructure optimized for performance, reportedly 50-100x faster than traditional MPC solutions.

Conclusion

Turnkey stands out as a pioneering company in the field of cryptographic key management, providing a flexible infrastructure supported by secure and scalable solutions. Through its innovative product offerings, strategic partnerships, and robust security audits, Turnkey reinforces its mission to secure the open internet.