Deblock

Deblock is a French crypto neobank that combines a fully regulated European current account with a non-custodial Web3 wallet in a single mobile application. Founded in 2022 by four former Revolut and Ledger executives — Aaron Beck, Adriana Restrepo, CEO Jean Meyer, and Mario Eguiluz — the company launched its app to the French public in April 2024 and has since onboarded more than 300,000 customers. By April 2026, Deblock reported over €3 billion in annual transaction flows on its platform, having quadrupled revenues, account openings, and transaction volumes in the twelve months prior.

The Core Model: One App, Two Worlds

Most crypto-friendly neobanks maintain a hard boundary between fiat rails and crypto custody: the bank holds euros, a separate wallet holds digital assets, and the user bears the friction of moving value between the two. Deblock eliminates that boundary. Users receive a French IBAN (FR76 prefix), issued under Deblock SAS as an Electronic Money Institution, alongside a self-custodied crypto wallet — all managed from the same interface.

The banking side behaves like any modern European neobank: free SEPA Instant transfers, a Visa debit card, Apple Pay and Google Pay support, virtual card numbers, and single-use card numbers for online purchases. Deposits held in the account as euros are protected by the French Deposit Guarantee Fund (FGDR) up to €100,000 per person.

The wallet side is genuinely non-custodial. Deblock implements a two-shard cryptographic model: the user's device holds one signing shard, Deblock's servers hold a passive second shard, and both are required to authorize any transaction. Critically, users can export their private keys directly from the app at any time, meaning they are not dependent on Deblock's continued operation to access their assets. Deblock has stated that a successful theft would require compromising both the user's device and Deblock's servers simultaneously.

Supported Assets and Chains

Within the wallet, users can buy, sell, and swap hundreds of tokens. Supported blockchain networks include Bitcoin, Ethereum, Base, and Solana, with SOL listed alongside BTC, ETH, and USDC as a primary supported asset. Swaps are executed at the current market rate with fees that vary by plan tier. Fiat on-ramp and off-ramp — converting euros to crypto and back — is available directly in-app without routing through a third-party exchange.

DeFi Yield on Euros

One of Deblock's more notable product features is a 4% yield on euro balances. When activated, eligible euros are converted into EURCV, a regulated euro-denominated stablecoin, which is then deployed through the Morpho DeFi protocol. The yield mechanism involves no lock-up period; users can withdraw their euro equivalent at any time. This positions Deblock as one of the few regulated European financial products to route retail euro deposits through an on-chain DeFi protocol.

Plan Tiers and Pricing

Deblock offers three account tiers:

Standard is free and includes the full current account, IBAN, Visa card, and crypto wallet. Crypto swap fees are 1.99%, and cashback on card spending is not available at this tier. Free ATM withdrawals are capped at €100 per month.

Premium costs €10 per month (or €14.99 month-to-month without annual commitment). Premium reduces crypto swap fees significantly, adds up to 1% cashback on foreign currency card transactions and 0.1% on euro-settled transactions, raises the free ATM withdrawal limit to €1,000 per month, and increases monthly spending limits to €30,000.

Native is a tier unlocked by holding a Deblock NFT in the in-app wallet rather than through a subscription fee. Deblock has released two Ethereum-based NFT collections — Bursted Bubbles and Moving Blocks — with a combined cap of 2,500 total Native plan slots. Native plan holders pay 0% on crypto buy, sell, and swap operations, making it the most cost-efficient tier for active crypto users.

Regulatory Status

Deblock holds authorization as an Electronic Money Institution (EMI) from the ACPR, the French banking regulator under Banque de France. In May 2025, it became the first French company to receive approval as a Crypto-Asset Service Provider (CASP) under the EU Markets in Crypto-Assets (MiCA) regulation, granted by the Autorité des Marchés Financiers (AMF) under license number A2025-001. MiCA passporting extends Deblock's authorization across the entire European Economic Area, covering 30 countries.

Funding and Investors

Deblock has raised approximately $64.5 million across three rounds:

• Seed (2023): $12 million
• Seed extension (November 2024): $17.5 million
• Series A (November 2025): $35 million, led by Speedinvest, CommerzVentures, and Latitude, with participation from existing investors including Shapers, Headline, Chalfen Ventures, and Kraken Ventures

Following the Series A, Deblock's valuation stood at approximately $208 million. The round's stated purpose is European expansion, beginning with Germany as Deblock's second core market after France. Jean Meyer cited Germany's strong adoption of digital financial services and established regulatory framework as reasons for the choice.

Team Background

The founding team draws directly from institutions that defined the previous generation of fintech and crypto infrastructure. Jean Meyer and colleagues built Deblock to address problems they observed at Revolut — specifically, the lack of genuine crypto self-custody and the persistent separation between banking rails and on-chain assets. The company's internal technology stack is proprietary, including custom fiat ramp rails, real-time settlement, and compliance automation that enables account opening via facial recognition in seconds.

Position in the Market

Deblock's clearest direct competitor is any fintech offering both a bank account and crypto access, including Revolut. The key differentiator is custody: most competitors hold crypto on behalf of users in custodial accounts, whereas Deblock's wallet is non-custodial by design. Combined with its MiCA CASP license — the regulatory framework governing crypto service providers across the EU — Deblock is positioned as a regulated, self-custody alternative at a time when European regulators are increasing scrutiny of crypto platforms.

The app is available for iOS and Android, rated 4.7 on the App Store and 4.6 on Google Play, with over 1,300 Trustpilot reviews averaging 4.1 out of 5 as of mid-2026.