Monet Bank Dives into Crypto Lending
Update: 2025-12-06
Description
Monet Bank, a Texas-based institution with assets under six billion dollars, is making waves by pivoting towards digital assets and crypto lending. Once known as Beal Savings Bank, its now positioning itself as an infrastructure bank for the digital economy. Owner Andy Beal, famous for his poker skills and political contributions, is leading this crypto banking venture. This move aligns with a growing trend of financial institutions serving the cryptocurrency industry, as seen with Erebor Bank and N3XT. The shift also reflects a change in federal bank regulators approach to crypto, encouraging banks to engage with the industry.
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