Circle and Sequoia back Turnkey wallet infrastructure

Crypto exchange Coinbase (COIN) made a major move for the Hyperliquid (HYPE) ecosystem on Thursday, outlining how it plans to deepen support for Circle’s USDC stablecoin on the platform.  In a blog post, Coinbase said it is expanding its role by becoming the official treasury deployer of USDC on Hyperliquid, treating USDC as an Aligned […]

The post Turnkey raises $12.5M for wallet infrastructure appeared on BitcoinEthereumNews.com. Crypto wallet infrastructure firm Turnkey has raised $12.5 million backed by Circle Ventures and Sequoia Capital. Summary The round brings Turnkey’s total funding to over $65 million and will primarily support development of Turnkey Verifiable Cloud ahead of its public launch. Verifiable Cloud is designed to let companies run sensitive crypto operations including transaction signing and policy decisions in a verifiable environment. Turnkey was founded by former Coinbase Custody employees and serves Flutterwave, Polymarket, and World App among its customers. Turnkey announced the raise on May 14, with participation from Archetype, Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, and Variant alongside Circle Ventures and Sequoia Capital. The New York-based company builds key management infrastructure for crypto applications, including non-custodial wallets, automated onchain transaction

After last year’s messy split from USDC, Hyperliquid is reconnecting with old friends as Coinbase and Circle return to the center of its trading ecosystem.

Turnkey raised $12.5M to expand verifiable cloud and wallet infrastructure for stablecoins, AI agents, and onchain apps. The post Turnkey raises $12.5M to expand verifiable cloud infrastructure for crypto wallets appeared first on Crypto Briefing.

The stablecoin issuer said Hyperliquid is evolving beyond perpetual futures trading into outcome-based markets. Circle announced it is deepening its partnership with Hyperliquid by becoming the technical deployment partner for USDC on the decentralized trading platform, further embedding the stablecoin…

The post Coinbase Wins USDC Treasury Deployer Seat on Hyperliquid, Circle Handles Cross-Chain Infrastructure – Bitcoin News appeared on BitcoinEthereumNews.com. Key Takeaways Coinbase takes the treasury deployer role for USDC on Hyperliquid, where supply has grown to roughly $5 billion, up 2x year-over-year. The AQAv2 framework ends fragmentation between USDC and USDH, redirecting reserve yield back to the Hyperliquid protocol for HYPE holders. Native Markets’ USDH will sunset over coming months, with feeless USDC conversions available to users through the USDH Dashboard. Coinbase Becomes USDC Treasury Deployer on Hyperliquid as Native Stablecoin USDH Winds Down Announced Thursday, the arrangement places Coinbase at the center of USDC’s reserve management on Hyperliquid, with Circle handling the technical side through its Cross-Chain Transfer Protocol. The agreement also gives Coinbase the right to purchase the brand assets of USDH, the native stablecoin issued by Native Markets that l

Coinbase is stepping in as the official treasury deployer for USDC on Hyperliquid under a new framework called AQAv2, ending a fragmented stablecoin setup on one of decentralized finance’s most active perpetuals platforms. Coinbase Becomes USDC Treasury Deployer on Hyperliquid as Native Stablecoin USDH Winds Down Announced Thursday, the arrangement places Coinbase at the center […]

After a year that saw major crypto-related listings reach US public exchanges—including Circle (CRCL) and others such as Bullish (BLH)—hardware wallet maker Ledger and Ethereum-focused software company Consensys announced they are delaying their respective plans for a US initial public offering (IPO).  Ledger Reassesses NYSE IPO Bid For Ledger, the decision reflects a broader reassessment […]