French crypto-banking fintech Deblock has raised €30 million in Series A funding to support its expansion across Europe, with Germany set to become its next core market. The round was led by Speedinvest, alongside CommerzVentures and Latitude, with existing investors 20VC, Headline, Chalfen Ventures and Kraken Ventures also participating.
Deblock has gained more than 300,000 users since launching in France in April 2024. The company offers what it describes as Europe’s first fully on-chain banking solution: a regulated Electronic Money Institution (EMI) euro account combined with a 100% self-custodied crypto wallet, allowing users to manage both fiat and digital assets in a single platform. Users can trade over 100 cryptocurrencies without limits and use their crypto for everyday payments, including rent, shopping and cross-border transfers.
Founded by former Revolut and Ledger executives Aaron Beck, Adriana Restrepo, Jean Meyer and Mario Eguiluz, Deblock brings together experience in both modern fintech and blockchain security. Its fully on-chain architecture ensures users retain full control of their digital assets through self-custody, in contrast to custodial platforms that hold assets on behalf of customers.
Deblock operates under European regulatory oversight as an Electronic Money Institution authorised by the Banque de France/ACPR. It was the first fintech to be granted a Markets in Crypto-Assets (MiCA) licence by the Autorité des Marchés Financiers (AMF), enabling it to offer integrated services linking traditional payments functionality with access to decentralised finance tools such as Vaults.
The funding will support Deblock’s dual strategy of strengthening its position in France while expanding into Germany, its second core European market. Germany was selected for its strong adoption of digital financial services and well-established regulatory environment. The expansion will include building a local team and localising product features, including full German-language customer support.
Tom Filip Lesche, Partner at Speedinvest, commented: “The second generation of financial services was defined by neobanks that were mobile-first but still built on legacy rails. Deblock represents the next wave: on-chain platforms that are programmable and user-controlled, harnessing banking-grade compliance, modern fintech UX and Blockchain architecture.”
Paul Morgenthaler, Managing Partner at CommerzVentures, added: “By giving users full control of their digital assets in a traditional current account, Deblock bridges the worlds of crypto and traditional banking. No complexity, full compliance – and ready for the mainstream.”
Julian Rowe, Partner at Latitude, highlighted the wider impact: “Deblock makes crypto flow seamlessly alongside the money consumers already use within a single, innovative app. We’ve been waiting for an app like this to be built for over a decade, and the team’s pace and precision are exceptional.”
Deblock’s rapid growth in France — 300,000 customers since launch — highlights growing demand for integrated, self-custodied financial services. With its Series A funding secured, the company now aims to replicate this momentum as it scales its fully on-chain banking model across Europe, starting with Germany.
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