French crypto-banking startup Deblock has raised €30 million in a Series A round to scale its fully on-chain banking platform across Europe. The company aims to reduce the friction users face with traditional banks by combining the familiarity of a euro current account with the transparency and control of blockchain-based self-custody. This latest funding marks a significant step in Deblock’s plan to bring on-chain finance into everyday use for mainstream European customers.
Funding Round and Investor Syndicate
The Series A round is led by Speedinvest, with participation from CommerzVentures and Latitude as new backers. Existing investors, including 20VC, Shapers, Headline, Chalfen Ventures, and Triton Capital, formerly Kraken Ventures, also joined the round, underscoring continued confidence in Deblock’s model. The company intends to use the capital to accelerate its product roadmap and support its expansion beyond its home market in France.
On-chain Banking Model
Deblock offers a fully on-chain banking solution that links a euro current account with a personal, self-owned crypto wallet. This structure allows customers to manage fiat and digital assets side by side, supporting day-to-day payments, investments, and savings. By keeping assets in self-custody rather than on custodial platforms, users retain direct control over their funds while tapping into decentralised finance services through features such as Vaults.
Regulation, Founders, and Market Traction
The company was founded by former Revolut and Ledger executives Aaron Beck, Adriana Restrepo, Jean Meyer, and Mario Eguiluz, who bring deep experience in both fintech and crypto security. Since launching in France in April 2024, Deblock has surpassed 300,000 customers, reflecting strong demand for banking services that combine usability, security, and self-custody. Deblock is regulated by the Banque de France as an Electronic Money Institution and holds a MiCA license from the AMF, aligning its operations with evolving European financial regulations.
European Expansion Strategy
With its Series A funding, Deblock is preparing to enter Germany as its next key market in Europe. The company is targeting Germany due to its strong adoption of digital financial services and its mature regulatory framework for innovative fintech players. Deblock plans to grow its local team, invest in product localization, and build German-speaking customer support to ensure that its on-chain banking experience fits local expectations and regulatory requirements.
Vision for the Future of On-chain Banking
Deblock’s leadership positions the company as a bridge between traditional finance and decentralised infrastructure, aiming to make on-chain services practical for everyday use. Chief executive and co-founder Jean Meyer has emphasized that the company’s goal is to create a clear and secure way for users to move seamlessly between euros and digital assets in their daily lives. The team believes that markets like France and Germany will be critical in shaping how on-chain banking standards develop across Europe.
By combining regulated euro accounts with self-custodied crypto wallets, Deblock is betting that the future of banking will be both transparent and user-controlled. The €30 million Series A round, backed by a strong syndicate of European and global investors, gives the company the resources to expand its footprint and iterate quickly on new products. As Deblock enters Germany and looks to further European markets, its progress will serve as a key test case for how on-chain banking can scale within a regulated financial system.