Monet Bank, a Texas community bank owned by billionaire and major Trump supporter, Andy Beal, has officially announced its entry into crypto lending and banking services dedicated to digital assets.
With a balance sheet of less than $6 billion in assets and around $1 billion in capital, Monet aims to become a true infrastructure bank for the digital-asset ecosystem in the United States.
This decision places Monet Bank alongside a small group of American institutions already engaged in this crypto shift, including Erebor Bank, which has a conditional charter from the OCC, and N3XT, founded by former executives of Signature Bank and operating under Wyoming SPDI status.
