Deblock Raises €30M to Accelerate Europe’s First On-Chain Banking Platform

French crypto banking startup Deblock has secured €30 million in a Series A funding round. The round was led by Austrian investor Speedinvest, along with CommerzVentures and Latitude.

Deblock combines everyday banking with on-chain self-custody wallets, aiming to give users full control over their euros and digital assets in a single account. Existing investors 20VC, Headline, Chalfen Ventures, and Kraken Ventures also participated in the round.

Startup offers on-chain banking solution

With the new capital, Deblock plans to accelerate its expansion in Europe, starting with Germany as its second core market. Deblock positions itself as Europe’s first fully on-chain banking solution. The startup aims to combine the security and transparency of a traditional bank account with the flexibility of on-chain self-custody. The founders of the young company are former Revolut and Ledger executives Aaron Beck, Adriana Restrepo, Jean Meyer, and Mario Eguiluz.

By linking a euro current account with a personal, self-custodial crypto wallet, Deblock enables users to hold and use fiat and digital assets within a single platform. This is intended to facilitate seamless payments, investments, saving with vaults, and direct access to decentralized finance (DeFi) services. At the same time, users retain full control over their digital assets.

Deblock plans to enter the German market

Deblock is an electronic money institution (EMI) authorized by the Banque de France/ACPR. In France, the crypto banking startup was the first fintech to receive a Markets in Crypto Assets license (MiCA license) from the Autorité des Marchés Financiers (AMF). Since its product launch in France in April 2024, Deblock has acquired more than 300,000 customers.

Now, Deblock is targeting Germany. According to the young company, the strong presence of digital financial services and the established regulatory framework there make the country the logical next step in its European expansion.

“With a strong presence in our home market of France, Germany is the perfect starting point for our ambitious European expansion,” says Jean Meyer, co-founder and CEO of Deblock. “We want to create a clear and secure way to use both euros and digital assets in everyday life. Both markets – France and Germany – are crucial for us to define the future of on-chain banking in Europe.”

“What particularly impressed us was the focus and speed of implementation of the Deblock team,” says Tom Filip Lesche, Partner at Speedinvest. “The second generation of financial services was characterized by neobanks, which, while mobile-first, were built on existing, outdated infrastructures. Deblock embodies the next wave: on-chain platforms that are programmable and user-controlled, combining banking-compliant regulation, modern fintech UX, and blockchain architecture.”

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