The French fintech Deblock, operational since April 2024, is moving forward with a significant funding round intended to realize its ambition of becoming a bank fully operating on the blockchain. This operation takes place in a context of increased convergence between traditional finance and digital assets at the European level.
Context and Vision
Born from the observation that users no longer wish to choose between the security of a classic bank account and the power of decentralized finance (DeFi), Deblock has positioned itself at the intersection of these two worlds. The French company is working to create a regulated and transparent alternative for accessing decentralized financial services. This approach responds to the maturation of the sector in Europe, notably with the gradual implementation of the MiCA (Markets in Crypto-Assets) regulatory framework.
Product and Technology
Deblock offers a current account with a French IBAN associated with a self-managed (non-custodial) cryptocurrency wallet. This architecture allows users to retain full ownership of their digital assets, a fundamental differentiation from classic exchange platforms or neobanks. The system is designed to integrate standard banking functionalities while utilizing blockchain technology for a transparent, simple, and decentralized infrastructure. The company is regulated by the Banque de France as an electronic money institution.
Traction and Key Figures
Launched only 18 months ago, Deblock has recorded remarkable growth. The company claims over 300,000 clients in France. Driven by the success of its savings vaults offering yields up to 10%, the company saw its revenues, account openings, and card transactions triple during the first nine months of 2025. The immediate objective is to reach one million users within six months, thereby strengthening its national foundation before European expansion.
Positioning and Stakes
Deblock addresses the European market by seeking to democratize decentralized finance for a wider audience. Its founders, former executives at Revolut and Ledger, capitalize on dual expertise in scalable financial products and non-custodial technology. The main challenge lies in continuing the seamless integration of digital assets with classic banking products while maintaining strict compliance. Crucially, the company holds the first MiCA approval delivered by the AMF, an essential credential for guaranteeing regulated accessibility across the continent.
The integration of blockchain technology into banking is seen as a factor of structural evolution. Paul Morgenthaler, Partner at Commerzbank, highlights: “Deblock is building a bridge between crypto and traditional fiat banking. This makes it possible to use digital assets as simply as classic banking products: funds can be transferred, invested, and managed efficiently without users needing to understand the technical details.” Jean Meyer, co-founder and CEO of Deblock, confirms this vision: “This fundraising validates our vision: tomorrow’s bank will be on-chain, or it won’t be at all!”
Funding Round
To accelerate its strategic roadmap, particularly the launch of new hybrid products and European expansion, Deblock announces it has closed a funding round of €30 million. The funding was led by SPEEDINVEST, COMMERZBANK, and LATITUDE, with participation from Shapers, Headline, Hoxton, and Chalfen Ventures. This operation, which validates the convergence of the non-custodial model with the European regulatory framework, will allow the fintech to continue the development of an entirely decentralized banking infrastructure.
