Texas Billionaire’s Monet Bank Steps Into Crypto Lending
Monet Bank, a Texas community bank owned by billionaire Andy Beal, is making a strategic pivot into crypto lending and digital-asset banking. With $6 billion in assets and $1 billion in capital, the institution aims to become a key infrastructure provider for digital assets.
The MOVE places Monet among a select group of U.S. banks venturing into crypto, including Erebor Bank (which holds an OCC conditional charter) and Wyoming-based N3XT, founded by ex-Signature Bank executives. This trend signals growing institutional acceptance of crypto as a legitimate asset class.
Beal, a prominent TRUMP supporter, is betting on the convergence of traditional finance and digital assets. The bank’s foray comes as regulatory clarity improves and demand for crypto-native financial services grows.
