Monet Bank is a small community bank in Texas, owned by a billionaire political supporter of former US President Donald Trump. The bank has officially entered the cryptocurrency lending business and is positioned as an "infrastructure bank" focusing on digital assets. "Monet is committed to being the leading digital asset Financial Institution Group, providing innovative and forward-looking solutions for the digital economy," according to its official website. According to Texas official records, the bank has less than $6 billion in assets and a capital base of just over $1 billion, making it a typical community small bank.
The Texas bank, founded in 1988 as Beal Savings Bank, changed its name to XD Bank in early 2024 and Monet Bank two months later. It is licensed by the state, regulated by the Federal Deposit Insurance Corporation and has six branches, according to federal data.
Texas small bank Monet enters crypto special project banking
2025-12-06 00:56:06
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