French Crypto Bank Deblock Secures €30M Series A Funding

Deblock, a fast-growing French crypto-banking fintech, has raised €30 million in a major Series A round. As it moves to expand its fully on-chain banking model across Europe. The raise was led by Speedinvest, with strong participation from CommerzVentures, Latitude and existing investors. It includes 20VC, Headline, Chalfen Ventures and Kraken Ventures. The funding marks a major step in Deblock’s plan to scale beyond France and enter Germany, one of Europe’s most active digital-finance markets.

Deblock Pushes On-Chain Banking Into the Mainstream

Deblock launched in France in April 2024 and quickly gained traction, crossing 300,000 users in under two years. The company positions itself as Europe’s first fully on-chain banking system. It combines a regulated euro account with a self-custodied crypto wallet. This hybrid setup gives users direct control over their digital assets while still offering familiar banking features.

The platform supports the management of both fiat and crypto in a single interface. Users can trade more than 100 cryptocurrencies, pay rent, shop online and make cross-border transfers directly from the app. By handling everything on-chain, Deblock removes custodial risks and puts ownership firmly in the hands of users. For many in Europe’s growing crypto community, that mix of simplicity and autonomy has become a major selling point.

Built by Fintech and Blockchain Veterans

Deblock’s founding team brings together talent from Revolut and Ledger, two giants in their respective spaces. Founders Aaron Beck, Adriana Restrepo, Jean Meyer and Mario Eguiluz shaped the company around one mission. Merging banking-grade compliance with full crypto self-custody.

The company operates as an Electronic Money Institution under the Banque de France/ACPR. It is also the first fintech to receive a full MiCA licence from France’s AMF. That sets it up as one of Europe’s most compliant and forward-ready crypto institutions. This regulatory foundation allows Deblock to link traditional euro payments with decentralised finance tools like Vaults while staying within strict oversight.

Expansion to Germany Begins

With fresh capital secured, consequently, Deblock is preparing to enter Germany as its next major market. Specifically, the company plans to build a local team, roll out German-language support, and adapt its product for local regulatory requirements. Furthermore, Germany’s large fintech user base and strong appetite for digital asset services made it a natural next step for the expansion. The move aims to replicate Deblock’s French momentum across the wider EU. Moreover, as Europe transitions into the MiCA regulatory era, Deblock believes the timing is ideal to introduce a fully programmable, self-custodied banking model at scale.

Investors See a Shift Toward On-Chain Financial Services

Deblock’s investors say the company represents the next evolution of digital finance. For example, Speedinvest partner Tom Filip Lesche said neobanks built the “second generation” of finance. But platforms like Deblock define the third, one where banking meets programmable, user-controlled blockchain infrastructure. CommerzVentures managing partner Paul Morgenthaler added that Deblock “bridges the worlds of crypto and traditional banking.” 

While Latitude’s Julian Rowe praised its seamless user experience. He stated the industry has “waited more than a decade” for a product like this. With demand for self-custodied financial services rising. Consequently, Deblock has positioned itself at the center of Europe’s digital banking shift. The company now plans to use its Series A momentum to bring its on-chain banking vision to millions more users across the continent.