Texas Billionaire’s Monet Bank Makes Bold Move Into Crypto Lending Arena
Traditional finance just got a crypto wake-up call.
Monet Bank—backed by a Texas billionaire's deep pockets—is diving headfirst into digital asset lending. This isn't a timid pilot program; it's a full-scale assault on the multi-billion dollar crypto finance sector.
Why This Move Matters
Forget the niche crypto-native lenders. A regulated, billion-dollar-backed institution entering the space changes the game entirely. It signals that crypto lending has matured from a speculative sideshow to a core financial service. The bank isn't just dipping a toe—it's building infrastructure.
The Institutional Stamp of Approval
This pivot provides something the crypto market has craved: legitimacy through association. When established banks start offering crypto-backed loans, it validates the entire asset class for conservative portfolios. Suddenly, that Bitcoin isn't just a digital token—it's collateral with institutional recognition.
The Cynical Take
Of course, the timing is perfect. Traditional banks have watched from the sidelines as crypto lenders printed money during bull markets—now they want their cut. Nothing brings traditional finance into a new sector faster than the scent of profits someone else is making.
The floodgates are opening. When one major player moves, others follow—not out of innovation, but fear of missing out. Welcome to the next phase of crypto adoption: where Wall Street doesn't fight the revolution, it funds it.
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.
