Turnkey Infrastructure Powers Growth at Stablecoin Neobank AllScale

According to a recent LinkedIn post from Turnkey, the company’s embedded business wallet infrastructure is being used by AllScale, a self-custodial stablecoin neobank focused on freelancers, creators, and global businesses. The post highlights that AllScale aims to make cross-border stablecoin payments accessible by abstracting blockchain complexity while maintaining security and self-custody.

The post suggests that since AllScale’s launch in May 2025, the platform has created more than 1.5 million user wallets and is processing over $500,000 in daily transaction volume. It also indicates a 10X increase in users since launch, implying rapid early-stage adoption of Turnkey-powered wallet infrastructure.

Comments from AllScale’s co-founder, quoted in the post, emphasize a strategy of delivering a streamlined user experience without relying on traditional banking infrastructure. This positioning may support Turnkey’s value proposition as a backend infrastructure provider for fintechs and neobanks seeking to integrate crypto-native payments without taking on full custodial risk.

For investors, the metrics cited in the post—user wallet counts, transaction volume, and growth multiples—could be interpreted as early indicators of product-market fit for Turnkey’s embedded wallet offering. If sustained, this traction may enhance Turnkey’s competitive standing in the crypto infrastructure and cross-border payments market, potentially supporting future revenue growth through usage-based or enterprise pricing models.

The focus on self-custody and security may also be relevant in the regulatory and risk context, as infrastructure that enables non-custodial models can be positioned differently from traditional custodial providers. However, the post does not disclose revenue figures, contract terms, or customer concentration, so the direct financial impact on Turnkey remains unclear and would require additional disclosures beyond this social media content.