On November 19th, the French crypto banking technology firm Deblock has successfully completed a Series A funding round worth €30 million. This round was spearheaded by Speedinvest, with CommerzVentures and Latitude also participating. The existing investors 20VC, Headline, Chalfen Ventures, and Kraken Ventures also joined in this funding round. Since its inception in France in April 2024, Deblock has amassed over 300,000 users. The company offers what it refers to as the first fully on-chain banking solution in Europe: a regulated Electronic Money Institution (EMI) Euro account integrated with a 100% self-custodial crypto wallet, enabling users to handle both fiat and digital assets on a single platform. Users can trade more than 100 cryptocurrencies without any restrictions and can also utilize cryptocurrency for daily payments such as rent, shopping, and cross-border transfers. Deblock was founded by former Revolut and Ledger executives Aaron Beck, Adriana Restrepo, Jean Meyer, and Mario Eguiluz, assembling a team with expertise in both modern fintech and blockchain security.
