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Texas Billionaire’s Monet Bank Steps Into Crypto Lending

Published by
Sohrab Khawas

Monet Bank, a Texas community bank owned by billionaire and major Trump supporter Andy Beal, is moving into crypto lending and digital-asset banking. With under $6 billion in assets and about $1 billion in capital, the bank aims to position itself as a key infrastructure provider for digital assets. Monet joins a small but growing group of U.S. banks entering the crypto space, alongside Erebor Bank, which holds an OCC conditional charter, and N3XT, a Wyoming-based SPDI founded by former Signature Bank executives.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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