According to EU-Startups, French crypto-banking startup Deblock has secured €30 million in Series A funding to expand across Europe, with Germany as its next target market. The round was led by Speedinvest alongside CommerzVentures and Latitude, with existing investors including 20VC, Headline, Chalfen Ventures, and Kraken Ventures also participating. Founded in 2024 by former Revolut and Ledger executives Aaron Beck, Adriana Restrepo, Jean Meyer, and Mario Eguiluz, Deblock serves 300,000 clients with what they claim is the first current account integrating a true crypto wallet. The platform combines euro banking with self-custody digital asset wallets, enabling everyday payments, investments, and DeFi access. CEO Jean Meyer stated Germany is the “perfect starting point” for their European expansion in 2025.
European crypto banking heats up
This isn’t happening in isolation. Look at what’s been brewing in 2025 – German custody platform Tangany raised €10 million, UK’s Agio Ratings got €5 million for risk tools, and OpenTrade secured €6.1 million for stablecoin yield products. That’s over €21 million flowing into similar infrastructure plays just this year. But Deblock’s €30 million round? That’s the big one. It signals that investors are betting heavily on the convergence of traditional banking and crypto, not just the underlying infrastructure.
Why Germany, why now?
Here’s the thing – Germany isn’t a random choice. They’ve got Tangany building custody infrastructure there, which suggests a mature regulatory environment for digital assets. Plus, German consumers are already comfortable with digital banking. Deblock is basically saying they want to be the user-facing platform that sits on top of all this infrastructure. They’re hiring German teams, localizing products, and building German-speaking support. Smart move? Probably. But competing in Germany’s crowded fintech space won’t be easy.
The Revolut legacy advantage
What really stands out to me is the founding team’s background. These aren’t crypto purists – they’re former Revolut and Ledger executives who understand both sides of the equation. They know how to build compliant financial products that scale, and they understand self-custody from their Ledger experience. That combination is rare. Most crypto-native teams struggle with compliance, while traditional fintech teams don’t get self-custody. Deblock might actually have the right DNA to bridge these worlds.
Where this is headed
So what does this mean for the future? We’re seeing the emergence of what Speedinvest’s Tom Filip Lesche calls the “next wave” – on-chain platforms that are programmable and user-controlled. The first wave was mobile-first neobanks like Revolut. The second wave? That’s Deblock and companies like it. They’re building what traditional banks can’t – unified experiences that don’t force users to choose between fiat and crypto. The question is whether mainstream consumers are ready for this. But with €30 million behind them and 300,000 users already onboard, Deblock seems determined to find out.
