In a non-custodial model, Deblock does not hold users’ crypto; it verifies provenance on the blockchain while users retain control of their funds.

Launched in France in spring 2024 by former Revolut and Ledger executives, Deblock offers a non-custodial solution pairing a French IBAN account with a user-controlled crypto wallet.

The platform targets the friction point where banks block or limit crypto-related transfers due to traceability gaps, positioning itself as a bridge between crypto and traditional banking.

Deblock provides an on-chain banking experience in Europe that links a euro current account with a self-custody crypto wallet, enabling management of fiat and digital assets for payments, investments, and DeFi access while preserving user custody.

The company presents itself as Europe’s first fully on-chain banking solution, founded by former Revolut and Ledger executives including Jean Meyer and co-founders Aaron Beck, Adriana Restrepo, and Mario Eguiluz.

Deblock holds regulatory status as an Electronic Money Institution with Banque de France and ACPR and claims a MiCA licence from the AMF, underscoring European-compliant operations.

Plans include entering the German market to broaden reach within Europe and capitalize on Germany’s digital finance adoption.

Investors view Deblock as the next wave in financial services—on-chain, programmable, user-controlled, built on banking-grade compliance with a modern fintech UX.

Meyer notes the crypto-to-bank bridge has historically underperformed, and Deblock aims to change that dynamic through its integrated solution.

Deblock, a French on-chain banking startup, has raised 30 million euros in Series A funding led by Speedinvest, with participation from CommerzVentures, Latitude, and existing backers 20VC, Headline, Chalfen Ventures, and Kraken Ventures, to expand across Europe.

The funding will fuel Deblock’s European expansion, beginning with Germany, and supports scaling its crypto-to-bank bridge that combines a Euro current account with a self-custodial crypto wallet.

CEO Jean Meyer stresses the goal of creating a secure, clear way to use euros and digital assets in everyday life, with Germany identified as a critical second core market.