France: Deblock raises €30 million to become the first 100% blockchain bank

While the French state is still procrastinating on the integration of cryptos into its reserves, the private sector is charging ahead. Startups, investors and neobanks are crossing the line, carried away by the decentralized wave. Some traditional banks are watching. Others test, try, pivot. But a French fintech, Deblock, has decided to bet everything on the blockchain model. The tone is set: simplify crypto finance, back it up with familiar banking services, and make everything accessible to a much wider audience than just insiders.

Crypto and neobanking: when France shows the way

Deblock does not only want to bring euros and cryptos together. She wants to merge them. Founded in April 2024 by former Revolut and Ledger employees, this French fintech offers a classic current account (with French IBAN) combined with a self-custody crypto wallet. Translation ? The user maintains full control of their digital assets. No intermediary holds them for him.

With over 300,000 customers and 100,000 monthly active users, Deblock has tripled its revenue in less than a year. There fundraising of 30 million euros announced in November 2025, led by Speedinvest, Commerzbank and Latitude, aims to finance European expansion. Objective: to reach the milestone of one million users within six months, starting with Germany and Austria from 2026.

Jean Meyer, co-founder, summarizes their vision:

Users no longer want to choose between their bank and their cryptos: they simply want both, in the same place. We will massively democratize access to the best decentralized financial services, making them as easy to use as an instant transfer.

Decentralized finance: in France, the bet on simplicity

The strength of Deblock is not only due to its hybrid model. It’s the user experience that makes the difference. By integrating DeFi protocols like Morpho and Yield.xyz into accessible savings vaults, the startup promises up to 10% annual interest, paid directly in euros to the account.

Deposits can start from 1 euro, with no ceiling. All at no cost for premium subscribers, and with 50% performance fees for free users.

Deblock didn't invent DeFi, but it removed the friction. Strategy director Claire Balva specifies:

We wanted to reduce the complexity of using DeFi for novice users.

A promise brought to life by a fluid interface, designed for those who have never set foot in a wallet.

Paul Frambot, founder of Morpho Labs, adds:

Deblock takes all the complexity of DeFi away for its users, giving them magical one-click access to the best returns via Morpho.

Digital sovereignty: the crypto-counter replaces the old agency

Deblock positions itself at the crossroads: where banks block, it frees. Where traditional finance tracks, it lets you breathe. Thanks to its status as an electronic money institution approved by the Banque de France, coupled with the MiCA license obtained in May 2025, it ticks all the regulatory boxes in France and Europe.

But the real pivot is self-preservation. No more bank vault guard. The user is the sole master on board. A strong gesture at a time when banking data is monitored, analyzed and monetized.

Deblock does not play on the same ground as giants like Revolut or Chime. She creates her own. A land where the experience resembles that of a classic neobank, but where the architecture is based on decentralized building blocks. Finance without friction, but with conviction.

Figures and benchmarks to remember:

• 30 million euros raised to support European conquest;
• More than 300,000 customers in just a few months of activity;
• 10% potential annual return via DeFi vaults;
• Just 1 euro is enough to start investing;
• Complete regulation: MiCA, PSAN, and Banque de France validated.

The European Central Bank sees the digital euro as a pillar for strengthening the Union's economy. However, the path proposed by Deblock forks. Because this initiative is based on the idea of ​​financial autonomy offered by the blockchain. Where the ECB dreams of a programmable and centralized euro, Deblock is banking on fluid, decentralized finance, in direct contact with the aspirations of connected citizens. Two visions of the same future, with radically different promises.