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Deblock Raises €30 Million in Series A for On-Chain Banking Expansion

French crypto bank Deblock secures €30 million Series A led by Speedinvest, aiming to expand its integrated fiat and self-custody crypto platform.

Summary

Deblock, a French regulated crypto bank, announced the completion of a €30 million Series A funding round led by Speedinvest, with CommerzVentures and Latitude participating. Launched in April 2024, Deblock has surpassed 300,000 users and offers a unique platform combining a regulated euro account with a self-custody crypto wallet. The solution enables users to manage both fiat and digital assets in one interface, enhancing usability and regulatory compliance in the growing European digital finance sector.

Terms & Concepts
  • On-chain banking: A banking system that operates directly on a blockchain network, ensuring full transparency and decentralization.
  • Series A funding: An early-stage investment round aimed at helping startups grow, typically led by venture capital firms.
  • Self-custody crypto wallet: A cryptocurrency wallet where users control their private keys, granting full ownership and responsibility over their digital assets.