The fundraising was structured as equity with token warrants of a yet-to-be-released cryptocurrency. However, the company has no plans to release its own token, viewing the token warrants’ inclusion as a common feature in most crypto deals.
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Bain Capital Crypto Leads $30M Series B Round for Crypto Wallet Startup Turnkey
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Turnkey Series B funding round investors will receive stock as well as token warrants, or promised allocations of a yet-be-released cryptocurrency, though the company has no plans to launch its own token at the moment, but, according to company CEO, such warrants are standard in most crypto deal
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