🚀 Deblock: A New Star in Crypto Wallets

Deblock, a crypto wallet startup founded by alumni of Revolut and Ledger, has raised £13.3 million in seed funding, as revealed in October filings. Backed by 20VC, Headline, Hoxton, and Chalfen, this funding adds to its previous €12 million raise in 2022, bringing Deblock’s total funding to over £24 million.

The company, founded in August 2022, is the brainchild of:

  • Jean Meyer (Former Revolut Head of Crypto)

  • Aaron Beck (Former Revolut Head of Payments)

  • Mario Eguiliuz (Ex-Ledger Head of Engineering)

  • Adriana Restrepo, who joined later from her role as Revolut’s European banking COO.

Despite the excitement, CEO Jean Meyer has declined to comment on the latest round of funding.

🔧 What Makes Deblock Unique?

Deblock aims to bridge the gap between traditional finance and digital assets with its noncustodial crypto wallet.

Currently, the app is only available in France, where it is regulated as both an E-money institution and a digital asset service provider.

🌍 The Fintech Factory of Revolut

Deblock joins a growing list of startups emerging from Revolut, Europe’s second most productive “fintech founder factory,” according to a report by Accel and Dealroom.

📈 Crypto’s Comeback Era

Deblock has built its foundation during a challenging period for crypto. After the 2022 collapse of FTX, the crypto sector’s global investments plummeted from $21.2 billion in 2022 to $4.1 billion in 2024.

But 2024 brought a revival:

  1. Bitcoin ETFs Approval: Eleven bitcoin exchange-traded funds (ETFs) gained SEC approval in January, drawing retail and institutional interest.

  2. Pro-Crypto Regulation: President-elect Donald Trump’s commitment to regulatory frameworks supportive of crypto spurred market optimism.

  3. Bitcoin’s Surge: The price of Bitcoin hit a historic high of over $90,000, signaling strong market sentiment.

💡 Looking Ahead

Deblock’s innovative approach, merging crypto and traditional finance, positions it as a pioneer in this new era of crypto resurgence. With a clear vision and strong backers, it’s ready to capitalize on the growing demand for secure, user-friendly financial tools in the crypto space.

Stay tuned as Deblock expands beyond France and shapes the future of finance. 🌟

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