Monet Bank in Texas Shifts Focus to Crypto Lending
Monet Bank, a Texas-based community lender, has pivoted to become a crypto-focused financial institution as part of its broader transformation into a modern digital bank. The MOVE signals a strategic departure from traditional consumer banking toward digital asset solutions.
The bank's rebranding reflects its ambition to lead in digital finance, with its website declaring ambitions to become "the top financial institution for digital assets." This shift aligns with growing institutional adoption of cryptocurrencies following former President Donald Trump's pro-crypto stance.
Originally founded in 1988 as Beal Savings Bank, the institution underwent multiple rebrands this year before settling on Monet Bank. Despite its modest size—with less than $6 billion in assets—the FDIC-supervised bank is pushing forward with its crypto ambitions across its six branches.
