The cryptocurrency wallet Deblock, founded by former executives from Revolut and Ledger, has completed a seed round financing of approximately 16.80 million USD.

PANews, November 21 news, according to Sifted, documents submitted to the UK Companies House this month reveal that Deblock, a crypto wallet created by former executives from Revolut and Ledger, has completed an additional £13.30 million (approximately $16.80 million) in seed funding. Another document from October indicates that Headline, Hoxton, 20VC, and Chalfen are the main investors in this funding round. 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, payments head Aaron Beck, and former Ledger engineering head Mario Eguiliuz co-founded Deblock. Later that year, the startup poached Adriana Restrepo, former Chief Operating Officer of Revolut's European banking business, to become its fourth co-founder. Deblock CEO Jean Meyer declined to comment on this funding round. According to its website, the Deblock app is currently only available in France, where it is regulated as an electronic money institution and digital asset service provider.