Monet Bank Shifts Focus to Crypto Lending and Digital-Asset Services

Highlights:

• Monet Bank in Texas will now serve crypto and digital-asset businesses.
• The bank, with under $6 billion in assets, gains approval from the Texas Department of Banking.
• Monet Bank joins a growing number of U.S. banks entering the crypto sector.

Monet Bank, a small Texas community bank owned by billionaire Andy Beal, will now provide services to crypto companies and other digital-asset businesses, as per the report. The Texas Department of Banking recently gave its approval for the bank to operate in this sector. The move toward digital assets was reported on Friday, December 5, by The Information.

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Monet Bank’s New Direction Toward Cryptocurrency

The bank’s website talks about its new direction. It says that Monet wants to become one of the main banks for digital assets and give modern and creative services for the digital economy. This news came after the Texas bank updated its brand and shared its plans to focus on digital finance instead of regular consumer banking.

Monet Bank, a Texas community bank owned by billionaire and key Trump backer Andy Beal, announced it is entering crypto lending and digital-asset banking, positioning itself as an infrastructure bank for digital assets. The bank reports <$6B in assets and ~$1B in capital. Monet…

— Wu Blockchain (@WuBlockchain) December 6, 2025

The bank was started in 1988 as Beal Savings Bank. It changed its name several times this year. At first, it used the name XD Bank, and then two months later, it became Monet Bank. The new name matches its focus on cryptocurrency services.

The Federal Deposit Insurance Corporation still supervises Monet Bank, which operates six branches. The bank has total assets under $6 billion, with capital just above $1 billion, so it is seen as a small community bank. Even with its small size, it is trying to grow in the cryptocurrency sector. Sources said that Monet Bank is now part of a growing group of U.S. banks that are trying to include crypto services in their business.

This shows a larger trend where banks are adjusting to the digital economy. In October, the Office of the Comptroller of the Currency gave a conditional charter to Erebor Bank, a tech-focused company supported by Peter Thiel’s Founders Fund. Also, former leaders from Signature Bank recently started N3XT, a narrow bank with a Wyoming Special Purpose Depository Institution charter, which aims to make payments easier using a private blockchain.

Policy Changes and Federal Support

The growth of crypto-focused banking came after policy changes during President Donald Trump’s time. His administration removed some limits on cryptocurrency activities. These changes ended earlier warnings to banks and set new rules to make it easier for crypto companies to access banking.

Donald Trump recently stated that he hopes to make the United States a “Bitcoin superpower,” framing the move as part of the broader U.S.–China rivalry. Trump emphasized that crypto assets should be part of America’s economic strategy, and further linked Bitcoin to the U.S.…

— Wu Blockchain (@WuBlockchain) November 6, 2025

Travis Hill, acting chair of the FDIC, recently shared a proposal at a hearing about new rules for the crypto industry, especially under the stablecoin-focused GENIUS Act. Moreover, the U.S. Securities and Exchange Commission also announced that the long-awaited roundtable on crypto financial privacy will take place on December 15. These steps show that federal regulators are slowly creating rules to support digital assets. 

Even though the bank has advanced its crypto plans, Beal Bank directed reporters seeking comments to a media contact. The bank chose not to give details about its ongoing efforts.

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