The crypto wallet Deblock, created by former executives from Revolut and Ledger, has completed a seed round financing of approximately $16.8 million

ChainCatcher news, according to Sifted, based on documents submitted to the UK Companies House this month, the crypto wallet Deblock, created by former executives from Revolut and Ledger, has completed an additional £13.3 million (approximately $16.8 million) in seed funding. Another document from October shows that Headline, Hoxton, 20VC, and Chalfen are the main investors in this round of financing. Sifted previously reported that this startup quietly raised €12 million last year.

It is reported that in August 2022, former Revolut cryptocurrency head Jean Meyer, payment head Aaron Beck, and former Ledger engineering head Mario Eguiliuz co-founded Deblock. Later that year, the startup poached Revolut's Chief Operating Officer for European Banking, Adriana Restrepo, to serve as its fourth founder.

Deblock CEO Jean Meyer declined to comment on this round of funding. According to its website, the Deblock application is currently only available in France, where it is regulated as an electronic money institution and a digital asset service provider.

According to RootData, Deblock is an integrated current account with a non-custodial wallet, allowing users to deposit, withdraw, spend, and exchange euros or cryptocurrencies.