We perform the large-N expansion in the Schwinger-Keldysh formulation of nonequilibrium quantum systems with matrix degrees of freedom and study universal features of the anticipated dual string theory. We find a rich refinement of the topological genus expansion: In the original formulation, the future time instant where the forward and backward branches of the Schwinger-Keldysh time contour meet is associated with its own world sheet genus expansion. After the Keldysh rotation, the world sheets decompose into a classical and quantum part.