Deblock secures €30M Series A to expand on-chain banking in Europe
French crypto-banking startup Deblock has secured €30 million in Series A funding, marking a significant step in the growth of on-chain banking in Europe. The investment round was led by Speedinvest, with participation from CommerzVentures, Latitude, and existing investors. This funding injection will fuel Deblock's expansion and solidify its position in the rapidly evolving digital finance landscape. Deblock offers a unique on-chain banking solution that merges traditional banking features with self-custody of digital assets. The platform provides a euro current account linked to a user's personal, self-owned crypto wallet, allowing for management of both fiat and digital assets. Since its launch in France in April 2024, the company has grown to over 300,000 customers and is regulated by the Banque de France as an Electronic Money Institution. The company's focus on user control and secure asset management is attracting significant interest from European consumers. Deblock's platform supports everyday payments, investments, and savings, while also providing access to DeFi services. With the new funding, Deblock plans to expand into the German market, leveraging the country's strong adoption of digital financial services and robust regulatory framework.
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