French Fintech Deblock Raises €30M to Pioneer Blockchain Banking
Deblock, a Paris-based startup founded by Revolut and Ledger alumni, has secured €30 million in funding to build Europe's first fully blockchain-integrated bank. The neobank merges traditional banking services with self-custody crypto wallets, offering French IBAN accounts alongside DeFi vaults yielding up to 10% annual interest in euros.
Licensed under Banque de France and MiCA regulations, Deblock's model represents a strategic convergence of legacy finance and decentralized technology. Its timing is notable—launching as French institutions remain cautious about crypto reserves while private sector adoption accelerates.
The funding will fuel European expansion, capitalizing on growing demand for hybrid financial products. Deblock's architecture eliminates intermediaries for crypto transactions while maintaining regulatory compliance, positioning it as a potential bridge between Web3 and mainstream finance.
