Monet Bank, a Texas community bank owned by billionaire and major Trump political supporter Andy Beal, has officially announced its entry into crypto lending and digital asset banking, positioning itself as an infrastructure bank for digital assets. The bank has assets of less than $6 billion and capital of about $1 billion. Monet becomes the latest bank to shift toward crypto business, following Erebor Bank (which received a conditional OCC license) and N3XT (founded by the former Signature team as a Wyoming SPDI). (CoinDesk)
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Monet Bank, a Texas community bank owned by billionaire and major Trump political supporter Andy Beal, has officially announced its entry into crypto lending and digital asset banking, positioning itself as an infrastructure bank for digital assets. The bank has assets of less than $6 billion and capital of about $1 billion. Monet becomes the latest bank to shift toward crypto business, following Erebor Bank (which received a conditional OCC license) and N3XT (founded by the former Signature team as a Wyoming SPDI). (CoinDesk)